Oil prices are rising amid focus on Trump's threats to Russia's supplies

Oil prices have risen after a four -day wave of losses, as investors are waiting whether US President Donald Trump will implement his threat to impose secondary fees on Russian energy buyers, in an effort to increase the pressure on Moscow. Brent oil rose above $ 68 a barrel after losing about 8% in four sessions, while the interim rough of Western Texas established nearly $ 66. Trump has higher fees on countries that buy oil from Moscow, and this could include China, after his recent statement that it would soon increase customs duties on India. Also read: Trump’s “secondary” fines: a threat to Russia or pressure on the Allies? US special envoy Steve Witkev is expected to travel to Russia this week, before the date of August 8, which Trump set up to reach a ceasefire with Ukraine. The Kremlin discusses options to make concessions, including the possibility of stopping air strikes, despite its compliance with the continuation of the war. Oil has decreased in the last sessions, after three months of profits, amid the markets focus on sophisticated indicators in the US economy that could weaken the demand for energy, in addition to the “OPEC+” decision to increase supplies. The coalition agreed on Sunday to increase production by about 547 thousand barrels per day from September, exacerbating the fear of the possibility of a surplus in the world stock in the second half of the year. Initial indicators of the decline in US crude shares, Vanda Insights Consulting, said: “Trump’s tone is escalating on sanctions against Russia and secondary definitions with the approaching deadline he set on Putin; and at the moment the market ignores it as just noise.” She added: “There will be a re -evaluation if these threats are carried out, based on the expected risks of supplies.” The price of crude oil has been closed at the lowest closing level since early July, after poor US data has deepened concerns about the slowdown in the economy. The data shows a stagnation in the service sector during July, in line with other indicators showing a slowdown in economic performance. The numbers last week revealed a much weaker labor market than previously believed. At the same time, the estimates of the oil sector drew a mixed image of US stock changes. The rough shares decreased by 4.2 million barrels in the country last week, while shares in the main storage center in Kusheng, Oklahoma, increased, along with an increase in oil -derived shares. Official data will be released later today, Wednesday. Also read: Aramco expects the growth of global demand for oil two million barrels a day in the second half