Oil prices maintained its biggest profits in six weeks, after US President Donald Trump repeated his threat to impose additional economic sanctions against Russia, if a ceasefire was not reached with Ukraine within ten days. Brent ruol exceeded $ 72 a barrel after closing 3.5% in the previous session, while the Western Texas middle was near the $ 69 level. “I never got worried about it. We have a lot of oil in our country. We will increase production, more and more,” Trump told reporters on Tuesday if a ceasefire is not reached. Rising momentum, supported by production expectations, promised Trump to take economic measures against Moscow, but it fell earlier times, while his advisors described potential sanctions as ‘secondary’ countries buying Russian oil. However, Trump’s desire to reduce prices raises questions about his willingness to move forward with these measures. Also read: Russia is ignoring Trump’s new deadline to reach a ceasefire in Ukraine and oil is heading for a third monthly monthly profit registration, amid the market focus on the US deadline to end commercial agreements by the end of the week, in addition to the upcoming meeting of the “OPEC+” at the end of the week, which will determine the end of the week. Traders expect the coalition to agree to a new increase in production. Meanwhile, the US Petroleum Institute reported that US crude shares increased by 1.5 million barrels last week, according to a “Bloomberg” document. Official government statements, including demand numbers, will be released later Wednesday.
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