Losses record oil on Monday, with investors evaluating the ultimatum of US President Donald Trump to his Russian counterpart while continuing to worry about their duties and impact on economies.

The price of Brent oil, September delivery, declined 1.63%to $ 69.21 a barrel, while the US -type US -type contract recorded $ 2.15%at $ 66.98.

Donald Trump announced on Monday that he will send new weapons to Ukraine, which will be paid by NATO Europeans, while at the same time threatening that he would “hit” Russian oil buyers in the event that Vladimir Putin did not reach a deal.

Although expectations for new stricter sanctions in Moscow initially strengthened oil, the 50 -day deadline that Trump gave to Putin for a peacekeeping deal, overturned the positive climate, with the argon cracking up to 2% lower.

As Phil Flynn, a senior analyst at Price Futures Group, “the market has taken it as a negative development because there seems to be a long time for negotiation.” “The fear of direct sanctions on Russian oil was removed more than the market this morning thought,” he adds.

Something that contradicts the expectations created by Trump’s statement last week that he will make a “important statement” for Russia on Monday, in the midst of his growing frustration over the lack of progress in ending the war in Ukraine.

Expectations he has integrated and the fact that Congress is increasingly warmed up for the inter -party bill providing for sanctions in Russia, while the EU is ready to agree on the 18th package of sanctions against Russia that will include a lower ceiling for Russian oil.

Investors were at the same time watching the outcome of US trade talks with their main commercial partners.

The European Union and South Korea said on Monday that they are struggling to end up in trade agreements with the US that will mitigate the blow from the forthcoming tariffs, as Washington threatens to impose high duties on August 1.