Oil prices are rising before vacation, focusing on supplies and tramb

Oil prices have risen with poor trade in the front period of holidays, with the support of the rise in share prices, and President -Selection Donald Trump intervened in international politics. Brent -Ru oil trades near $ 73 a barrel after a slight decrease yesterday. European and Asian stock indicators rose after Wall Street, with the support of the shares of huge technology companies. Nevertheless, the dollar remained near its highest level in two years, which reduced the attractiveness of basic merchandise. Trump threatened to seize the Panama channel and promised to impose stricter sanctions on Iran and customs duties on China that could affect world scales. “It seems that the holiday season will see a short break from Donald Trump, after which the markets will be asked to ask how much can be implemented from Trump’s threats,” says Yip John Rong, the market strategy in IG Asia BTE. He added: “The calm of the last two weeks of December is likely to stabilize oil prices.” Raw has been in a narrow scope since mid -October, with the increasing state of geopolitical uncertainty amid a poor demand from China, the largest oil importer and expectations of abundant supplies from the Americas. OPEC and its allies are also scheduled to reduce the production discount during 2025. Trading sizes fell on Monday and is likely to remain weak with the closure of markets due to the end of the year holidays. Nearly 700,000 Brent contracts were traded with different deadlines on Monday, representing about two -thirds of the annual average this year.