Oil prices have been in the midst of concerns about Russian supplies

The oil maintained its profits after US President Donald Trump requested Russia to quickly reach a ceasefire with Ukraine or face potential economic sanctions, which caused the fear that crude oil could be disrupted by one of the OPEC+producers. Brent roughly settled near $ 70 a barrel after closing 2.3% in the previous session, which is the largest increase in two weeks. The Western Texas trades at about $ 67. Trump said he would determine a new period of 10 to 12 days for Moscow to end hostilities, and warn about ‘secondary fines’ in the event of an agreement. Trump’s move comes in the wake of the final round of the European Union sanctions against Russia, which includes sanctions against the Indian company “Nayara Energy”. Wait for trade agreements and world markets also focus on the US deadline of commercial agreements by the first August, along with the upcoming “OPEC+” meeting that will resolve the supply policy for the month of September. The oil is on its way to recording monthly profits in light of the indicators of the scarcity of stocks in some areas and a strong demand during the summer of the Northern Hemisphere, which is the high season for consumption. However, there is fear of a glut in the offer at the end of the year with an increase in supplies. As far as Russia is concerned, Trump expressed his frustration with President Vladimir Putin on Monday for rejecting previous calls for the ceasefire. The US president initially granted Moscow a 50 -day deadline to reach a ceasefire, a deadline that would end on September 2.