Oil prices are on their way to achieving their fourth weekly profits
Oil prices are achieving its fourth weekly profits, before the second term of US president -Checks Donald Trump, as traders try to get clear explanation of sanctions against Russia and commercial policies. Brent Ru rose about $ 82 a barrel, an increase of about 2% this week, while the West Texas Raw is approaching $ 79. Trump’s advisers formulate a large -scale sanction strategy, to try to facilitate a diplomatic agreement between Russia and Ukraine, with pressure on Iran and Venezuela, according to persons who have the knowledge of the matter. The new commercial rates can also disrupt global crude flow. “I don’t think they will be in a hurry to place sanctions” when Trump holds office. He added: “There may be many new executive orders, but customs duties and sanctions will be in the background.” Biden’s “farewell” fines a week ago, Joe Biden administration issued his most serious restrictions on Russian oil. The resonance of this step still occurs regularly in the global oil market, with the high delivery costs, and the search for Russian oil buyers, including China and India, for supplies elsewhere. Crude oil prices have risen strongly since the beginning of the year, as cold weather in the Northern Hemisphere has increased the demand for fuel heating, and US rough supplies have decreased to their lowest seasonal levels, while sanctions threaten the width. Trump, who will take the oath on Monday, promised to impose customs duties on Canada, also on his oil. While Canada is preparing to respond, Alberta’s leader is against the largest oil -producing boycott of her country. The material markets have also been reinforced as the gap between the two nearest decades of Brent -Ru, known as the immediate difference, has expanded, citing the market tightening. This gap reached $ 1.39 a barrel, which is more than one dollar during the previous month. In the Middle East, the prices of some grades, including “Marban” and “Oman”, increased compared to standard indicators.