Oil prices are dropping with the modification of traders to their centers before Trump's inauguration
Oil prices dropped from their highest levels in five months, with the adjustment of the market against the recent sanctions set on Russian crude oil, and the assimilation of conflicting signals of the president -election team of Donald Trump over the promises he made during his election campaign. Brent Ru, the March delivery, dropped 0.9%to close at $ 81.29 a barrel, and the West -texas midst “rough fell 1.7%to settle at less than $ 79 a barrel after scoring the highest level since July. On Russian oil, the amount of Russian oil has increased the Chinese coast, with traders trying to judge the next Trump administration. Russian oil producers can benefit and help end the war with Ukraine. Wealth Group said RU could “stop raising its last profits as the market strives to Monday” with reference to Trump’s inauguration. She added that the sanctions imposed by the Joe Biden administration at the last minute “turned the scene of the first day into Trump, which could require adjustments to his strategy.” Futures can also see an affirmative phase after staying in the peak area of the relative power index for days. However, the intermediate “West Texas” ruol increased by 10% at the beginning of the year, with the support of the cold weather strengthening the demand for fuel heating, and threatened production in North America. In the United States, the shares for the eighth week have decreased to score its lowest level since April 2022. Crude oils came on Wednesday, despite the approval of Israel and Hamas on a ceasefire, which led to a temporary stop of the war in the Middle East, which lasted up to 15 months. Qatari and US officials said the ceasefire would start on Sunday and take six weeks.