Oil prices end up in the midst of interest in Russia's sanctions and trade conversations

Oil prices fell after the first weekly decline this month, with the concentration of traders on the progress of US commercial talks, and the efforts of the European Union to combat the export of Russian energy. Brent -Ruolie traded nearly $ 69 a barrel after dropping 1.5% last week. The European Union’s envoys are expected to meet at the earliest of this week to formulate a plan to deal with the ‘lack of agreement’ with US President Donald Trump, whose negotiating position on customs duties is increasingly considered strictly on August 1. At the end of last week, the 27 countries agreed to the European block to a sanction package on Mosa, including the poll of Russian oil. The procedures include restrictions on Russian oil -made fuel, as well as a ban on a large oil refinery in India. The United Kingdom has joined the European Union efforts. China and India became the most important buyers of Russian oil when global flow was reconfigured after the Russian invasion of Ukraine in 2022. Western sanctions had not yet hampered exports. Prices under the pressure of Trump’s commercial war since the beginning of May have dropped oil prices to rise, but since the beginning of the year, Brent ruol has been 7% low, amid President Trump’s increase in his commercial war, and the ‘OPEC+’ of supplies. Prices have seen large fluctuations due to the development of the Middle East, as well as sanctions set on producers such as Russia and Iran. In Europe, the price difference between diesel fuel and oil -ore, an indication of the profitability of fuel production, has approached its highest level since March 2024, while the time difference between the two nearest decades of diesel increased on Friday, which is the increased market structure known as “.” In the latest transactions, Brent -Ru contract fell 0.6% September to $ 68.84 a barrel at 10:35 in London. While the intermediate ru of West Texas lost the August delivery, which ends on Tuesday, 0.6% to $ 66.94 a barrel. *Prices have been updated to reflect the reality of the market