Oil prices are at the highest level in a month after Trump's threats to Russia

Oil prices ended Tuesday’s session at the highest level in more than a month, after US President Donald Trump reiterated that the United States could impose extra fees on Russia unless it reached a ceasefire with Ukraine, raising concerns about a rare supplies. The ‘West Texas’ raw has settled at $ 69.21 a barrel, while Brent -Ruol has closed more than $ 72 to record their highest levels since June. Trump spoke to reporters about the Air Force and warned against the possibility of secondary sanctions if Moscow failed to reach a ceasefire within ten days. When asked if he was concerned about the impact of additional sanctions on the oil market, Trump said he was not worried, pointing out that the United States could increase its production. He said, ‘I’m not worried about it. We have a lot of oil in our country. We will increase more and more production, ‘he said. A shift in market options this week has increased the value of buying options on “Brent” options compared to the first time sales options, suggesting that optimism extends further than only the visible price movements. “The new deadline has surprised a lot of analysts, and if implemented, it can reduce the supply of crude and Russian fuel to the global market,” says Denncial Securities. Earlier on Tuesday, the Kremlin explained that Russian President Vladimir Putin would probably not change position after taking note of Trump’s threat. Trump’s warning comes after a new round sanctions set by the European Union on Russia, which includes the Indian company “Nayara Energy”, which reduced the treatment rates in one of its refineries as a result of these procedures. The global markets also follow carefully following the US deadline to conclude commercial agreements by August 1, in addition to the upcoming meeting of the “OPEC+” alliance that will determine the supply policy for the month of September. Oil prices began to rise before Trump’s comments on Russia on Tuesday, as traders went to risky assets. The stock markets continued their profits to record new record levels earlier in the session, and the trust of the US consumer increased more than expected. The New Wave of Heights also led the crude futures “West Texas” to exceed its moving average for 200 days at about $ 68.17 a barrel, motivating a wave of technical purchases before closing the market. Data from the Bridgeton Research Group showed that commodity advisors, who could accelerate the price momentum, strengthened their biological centers to reach the net purchasing centers in Western Texas Raw to 55%, compared to 18% sales on July 28. The summer season raises the crude prices for the third consecutive monthly profits, with the northern indicators of the lack of stock in some areas, and the high demand during the summer in the northern designation that is in the high season in consumption. However, the market is moving towards a possible vaccination in supply by the end of the year, as the supply continues to increase.