Oil prices keep evaluating the prospects of supply and sanctions on Russia

Oil prices have stabilized, while markets balance the expectations of raising the “OPEC+” supplies and the possibility of the United States that impose additional sanctions against Russia. West -texas Intermediate Crude trades over $ 61 a barrel, while Brent ruol was closed in the previous session near $ 64. It is scheduled to meet a committee related to the “OPEC+” coalition, which follows the development of the market and production levels next Saturday, later, Wednesday, before the Saudi Led Coalition meetings to make a decision on the production policy for the month of July. The concerns about the economic slowdown were the ‘OPEC’ efforts and its allies to restore the idle supplies imposed on oil prices, which have been a falling trend since mid -January. The widespread customs imposed by the administration of US President Donald Trump, as well as response procedures of the targeted countries, also caused unrest in the global markets, which increased the fear of an economic slowdown. At the same time, President Trump warned in a social media post on Tuesday that Russian President Vladimir Putin “plays with fire”, at a time when the United States is studying the possibility of imposing additional sanctions on Moscow.