Brent oil futures climb 2% as Russia flows, U.S. policies in focus
Since traders closely followed the developments in the Russian-Ukraine conflict, oil prices fell after an increase of approximately 2% in the previous session.
Anton Petrus | Moment | Getty Images
Ukrainian war increases raised questions about the flexibility of Russian materials, while oil prices continued on Tuesday, while the impact of Washington’s policies on key oil consumers, questions emerged.
With the end of November, Brent futures transactions increased by 1.92% from the closing of Monday to 10: 54 am London (5:54 et) was $ 69.46 per barrel.
The Front October Nymex WTI contract is traded at $ 65.97 per barrel and increased by 3.06%. WTI futures did not settle on Monday due to the US labor holiday.
Russia Supply
Moscow and Kiev accelerated fire exchanges in three and a half years of conflicts, Reuters calculations indicate Ukraine drone attacks, and at least 17% of Russia’s oil processing capacity. The CNBC report failed to verify independently.
Ukrainian President Volodymyr Zelenskyy promised “new deep strikes” against Russia social media Send the weekend without explaining the details. His word comes in the midst of his efforts to stop us and to direct Europe’s Kremlin leader Vladimir Putin to accept bilateral cease -fire talks with his Ukrainian counterpart.
The White House was divided into indirect pressure on Russia’s oil consumers and imposed additional tax on the import of Indian goods that the new Delhi attributed to the ongoing Moscow’s crude oil purchases. India criticized the impositions as “unjust and unreasonable”.
Another symptom of bad relationships, US President Donald Trump chuckled Washington’s trade ties with India on Monday as a “completely unilateral disaster”.
Critically, Washington has not yet taken action against China, the world’s largest raw importer and Russia’s largest oil buyer since the release of G7 sanctions. Putin, Chinese President Xi Jinping and Indian Prime Minister Narendra Modi met at the Shanghai Cooperation Organization (SCO) summit this week and met at a demonstration of the global South union.
OPEC+
In addition, on the supply side, oil investors, Algeria, Iraq, Kazakhstan, Kuwait, Oman and United Arab orders, Algeria, Iraq, Kazakhstan, Kuwait, Oman and United Arab orders, they are looking for the policy signals announced on September 7 due to the potential production steps announced on September 7 Steps. 2.2 million production cuts cutting is low this week.
“We believe that the group will change its production levels for October, just like the wider market,” Ig analysts said on Tuesday. He said. He said: “The scale of excess during the next year means that the group is not likely to supply the market. Considering the greater risk, concerns about a surplus, it is to decide to restore supply cuts.”
US prices
In the same way, market participants also after the publication of the US August job report, which is expected to attend the 16-17 September Monetary Policy Meeting of the US Federal Reserve. The FED is currently expected to reduce interest rates at that time, with a movement that can be widely transformed into a softer green and can increase the demand for commodities in USA, such as oil.
