On Monday, at the highest level of the last three weeks, oil prices have increased, with markets focusing on further US sanctions against Russia.
Sanctions may affect world oil supplies, the Reuters news agency notes.
Future Future Fulfillment contracts are negotiated at $ 71.33 per barrel, up 1.38%. The US WTI is negotiating $ 69.46 with a rise of $ 1.48%.
Russia’s exports in June were reduced by 3.4% compared to May to 8.98 million metric tonnes, according to data from the industry and Reuters calculations.
US President Trump said on Sunday that he will send Patriot missiles to Ukraine. On Monday he is going to make an “important statement” to Russia, having expressed his disappointment to Russian President Vladimir Putin due to lack of progress in the war -ending negotiations in Ukraine.
Meanwhile, the EU is preparing the 18th package of sanctions against Russia that will include a lower oil prices.
In addition, markets are monitoring the outcome of US talks on tariffs with their main commercial partners.
Source: Skai
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