Oil prices fall in the midst of the fear of poor demand and the slowdown in trading talk

Oil prices have refused to continue their series of losses from last week, in the light of constant concerns about the demand for rough due to the failure of US commercial talks, and the lack of success of the recent sanctions introduced by the European Union to combat Russian energy exports. Brent ruol has decreased for the month of September to settle at $ 69.21 a barrel, and the price of “West Texas” was broke out slightly on Monday to close almost $ 67 a barrel after dropping 1.6% last week. The European Union’s envoys are expected to meet early this week to develop a plan to respond to a possible scenario not to reach an agreement with US President Donald Trump, whose position is increasingly considered before August 1. The European block of 27 country agreed last week on a package of a major refinery in India. However, the restrictions imposed on Russian diesel will not come into effect before January. It is scheduled to terminate US crude contracts for August on Tuesday, which contributed to the decline in trading volume and poor market activity. Trump’s commercial policy is pressure on prices, although oil prices have seen a bullish trend since the beginning of the year, the crude oil ‘Western texas’ has been low since the beginning of the year as Trump’s escalation of its trade war, and the ‘OPEC+’ of the restrictions of the stock. Prices were also influenced by developments in the Middle East, and the sanctions set by producers such as Russia and Iran. “In the absence of clear stimuli, the least resistance path may be in the direction of landing,” says Rebecca Babin, a senior power traded at CIBC Private Wild Group. In Europe, the price of diesel for RU, some fuel production, was the highest level since early 2024, and the immediate time difference between the two nearest decades of diesel jumped on Friday, which expanded the bullish “” “temple”.