“The possible meeting of Trump and Putin has reduced the concern of market participants in terms of oil supply from the Russian Federation.”, – WRITE: www.unian.ua
The possible meeting of Trump and Putin has reduced the concern of market participants in terms of oil supply from the Russian Federation.
Trump is increasingly pressed on the Russian Federation and its partners / Photo ReutersOil prices have been the longest decline since 2021, as traders have come to the conclusion that the US efforts to end the war in Ukraine would not affect the total volume of supply. About it reports Bloomberg.
Brent oil prices reported to $ 66 per barrel, declining the session in a row. In turn, the price of West Texas Intermediate oil was lower than 64 dollars.
Recall, recently, US President Trump has set the last time for Russia by August 8 to conclude a truce. He also noted that he was ready to meet with Vladimir Putin, even though he disagrees with President of Ukraine Vladimir Zelensky.
In general, Trump is increasingly pressing on the Russian Federation and its partners. He recently doubled duties on Indian goods up to 50%. This was a kind of punishment for buying Russian oil.
The actions of the American leader have already forced local state oil refineries to suspend Russian oil purchases and start looking for other sources of supply.
Meanwhile, the US Finance Minister Scott Bessent, answering questions about sanctions against countries that buy energy from Moscow, said the United States could also impose additional duties against China.
Oil tii is the latest news In August, black gold prices fell after several months of growth. Experts associated the decline with the agreements of the expanded composition of the organization of oil exporting countries (OPEC+) on the next increase in oil production.
Another cause of fall is the signs of slowing down the growth of the largest economy in the world, since Trump’s trade duties can adversely affect business activity, which in turn will create a risk to energy demand.
Recall that Trump recently stated that reducing energy prices will stop Russian aggression. According to him, Putin will stop the war if the price of energy falls for another $ 10 per barrel.
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