Oil prices rise after Washington strictly its accent to Russia

Oil prices have risen after US President Donald Trump said it would reduce the deadline granted to Russia to reach a ceasefire in Ukraine, which would reduce the fear that the tensions between Moscow and the West will threaten the flow of crude oil supplies. The “West Texas” mediator rose 2.4% to close at the highest level within a week, while Brent ruol exceeded more than $ 70 a barrel, ending the session at its highest level in more than two weeks. Trump said he would give Russian President Vladimir Putin a new final date of 10 to 12 days to reach a ceasefire with Ukraine, after Moscow previously threatened to impose “secondary” definitions by 100%, with the aim of reaching the pressure to reach a peace agreement. “The traders have so far excluded the possibility of the actual implementation of the sanctions, but today’s news of today is raising a re -evaluation of the possibility of disorders in supplies, or the high delivery costs due to changing trading traces,” says Rebecca Babin, the largest force in the “CBC special resources. The tightening of the US tone arouses the problems of the market. The US president’s movements come to a new round sanctions set by the European Union on Russia, which includes the determination of a lower price ceiling for the country’s export of crude oil and imports repeated products from Moscow oil in third countries. Although the restrictions will only come into effect in January, the Trump tone of Russia is pressing traders to prepare for the possibility of narrowing the European diesel market faster than expected and to convert the roads of Russian oil flow. “If applied, oil markets cannot ignore the impact of three numbers on Russian oil, given the large size of Russia’s export and OPEC -limited capacity to increase production, which could lead to shock in supplies,” JP Morgan analysts wrote in a July 15 note. The rise in oil prices led to the strengthening of the previous rise after Trump said the European Union said the UN energy products were $ 750 billion. Fear of slowdown in global growth for years, Trump’s commercial policy and threats have taken revenge on the target countries’ concerns about the future of energy demand as the global economic growth delayed, at a time when the “OPEC+” coalition decided to raise production rapidly. These factors increased the fear of surplus in supplies later this year. The meeting of the “OPEC+” committee ended on Monday without submitting recommendations on the production policy, while the group renewed its invitations to members to hold the oil production shares. Traders and analysts expect the group to increase its share again. Also read: “OPEC” explains: The monitoring committee does not have the authority to make decisions about production in a separate context. US and Chinese officials ended the first day of two -day trade conversations, without any of the parties making to reporters statements before leaving. The South China Morning Post reported earlier that the two countries are expected to expand the ceasefire of customs definitions, according to people who were not mentioned.