The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0751 GMT - Oil prices fall, with Brent crude and WTI both down 0.9% at $66.03 a barrel and $62.14 a barrel, respectively. Oil's turn lower follows a meeting between President Trump and Ukraine's Volodymyr Zelensky, with a focus on U.S. security guarantees, ING analysts say in a note. There was no critical breakthrough, but the meeting raised the prospect of a meeting between Zelensky and Russia's Vladimir Putin as a next step, ING says. Still, markets aren't overly convinced there will be a Russia-Ukraine ceasefire before the end of the year, analysts say. Polymarket currently points to a 38% chance of a ceasefire, well below the 78% seen in March. The modest price action in oil markets in early European trading Tuesday appears to fit this assessment, ING says. (joseph.hoppe@wsj.com)

0744 GMT - The consolidation of China's electric vehicle sector is taking a near-term pause, with the top 10 players holding 77% of the industry's market, HSBC Global Research analysts write in a note. Fast-scaling newcomers from the tech space, such as Xiaomi, as well as lower-than-expected potential industry mergers, are the reasons for slower near-term consolidation, they add. Beijing's push to address overcapacity in the economy has been driving discipline in supply chain and pricing, they note. Given the pressure on auto demand and a possible slowdown in pricing competition in the coming months, HSBC Global Research prefers resilient suppliers--such as CATL, Horizon Robotics and Ningbo Tuopu--over automakers. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

August 19, 2025 03:52 ET (07:52 GMT)

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