Oil prices are going to achieve the biggest weekly profits since mid -June

Oil prices have achieved the biggest weekly profits since mid -June, after US President Donald Trump has achieved the biggest weekly profits, at a time when markets are preparing for the effects of US customs duties coming into effect on Friday. The Western Texas Raw has settled the mediator of more than $ 69 a barrel, on the way to the biggest weekly profit since the Israeli attack on Iran, while Brent Crude was traded without $ 72. Trump threatened Moscow with economic sanctions unless a rapid ceasefire in the Ukraine War was reached because it directed India as a result of the purchase of Russian oil. Also read: Indian refineries on a hot plate due to Western sanctions against Russian oil, Trump raises the fees on Canada and is currently excluding oil. The financial markets focus their attention on the fees that Trump imposed and any possible retaliation of the targeted countries. The US president has signed an executive order to increase the fees on Canada to 35% from 25%, while the exemption is granted to goods covered by the trade agreement between the United States, Mexico and Canada, which includes oil. Also read: Trump reduces ‘mutual’ drawings on 40 countries, including 4 Arabs, and Trump will maintain a minimum of universal customs duties at 10%, while India will undergo 25%fees. The US President on Wednesday referred to these drawings on the Asian state in a social media publication, which is aimed at the purchase of energy and weapons from Russia, and waved the possibility of imposing additional sanctions. In response, India has asked the government’s refined businesses to develop plans to buy oil from non -Russian sources, and a person informed over the guidance said it is a prior planning. Russian oil has formed more than a third of India’s rough imports this year.