Oil prices fall with the market evaluation of Trump's policy on Russia

Oil prices have dropped for the second consecutive session, as US President Donald Trump’s recent plan to push Russia refused to put in place immediate measures that impede Moscow’s energy export. Brent oil was traded below $ 69 a barrel after losing about 1.6% in the Monday session, while the “West Texas Intermediate” ruol approached the $ 67 level. Trump announced the strengthening of military support for Ukraine in the light of the Russian attack and threatened to impose 100% dollars if host did not end within 50 days. According to the US Ambassador in NATO “NATO” Matt Whitaker, this step actually represents secondary sanctions on countries that buy oil from Russia, pointing to both India and China. India has emerged as one of the most prominent Russian oil buyers after redirecting energy flow to Russian war against Ukraine in 2022, while China remained a diplomatic and economic artery for Russia, as the refineries continued to import Russian crude oil. The price of ‘Brent’ crude oil has fallen about 8% since the beginning of the year, due to the effects of the trade war that Trump is fighting, in addition to the ‘OPEC+’ decisions to reduce supplies. These factors jointly fear that production will exceed the consumption level in the second half of the year, which could lead to a surplus in the supply, although the current market indicators, including the immediate difference of “Brent” decades, show the presence of short -term support. “The absence of any immediate action against Russia,” said Warren Patterson, head of the commodity strategy at Ing Group. He added: “But at the moment the basic factors still support in the short term. We expect the big fall in the market from the fourth quarter, when the downward pressure on prices starts to rise.” China, in the Circuit Circle, Goldman Sachs increased its expectations for the price of diesel and increased its expectations for the price of ‘Brent’ RU in the second half of the year by $ 5 to $ 66 a barrel, with an unexpected decline in the shares of the Member States of the Organization for Economic Cooperation and Development, especially in the United States. But she kept her forecast at $ 56 for 2026. Analysts, including Dan Strewinh, wrote in a note: “We still believe that oil prices are likely to fall by 2026,” analysts, including Dan Strewinh, wrote in a note. In Asia, traders have established a relatively strong performance for crude oil processors in China, the world’s largest oil importer. In June, refinement production increased to more than 15.2 million barrels per day, which has been the strongest rate since September 2023, according to Bloomberg accounts based on the government’s numbers. The apparent question indicator has also improved.