U .S. oil prices were rising early Friday ahead of President Donald Trump’s meeting with Russia’s leader Vladimir Putin, which could have significant repercussions for crude. West Texas Intermediate crude, the U.S. benchmark, climbed 1.1% to $63.37 a barrel in early trading. The Brent international benchmark slipped 0.8% to $66.30, though.

President Donald Trump is due to meet Friday in Alaska with Russian President Vladimir Putin. Crude-oil prices surged when Russia invaded Ukraine in 2022, and there is a potential for sizable moves depending on how Friday’s summit goes.

Oil prices closed down nearly $1 on Friday as traders awaited talks between U.S. President Donald Trump and Russian leader Vladimir Putin, which could lead to an easing of the sanctions imposed on Moscow over the war in Ukraine.