Oil prices continue their profits amid concerns about supplies

Oil prices have continued their strong profits this year, amid increasing concerns about the risks that threaten global supplies, and with the registration of crude stocks in the United States, the longest range of declines since 2021. Brent raised above $ 82 a barrel to his rise by 2.6% on Wednesday, when it reached the highest level since July. The interim ‘West Texas’ crude oil is trading nearly $ 80. The US sanctions announced last week against the energy industry in Russia have made the market disappear as the ‘International Energy Agency’ warned that it could disrupt the offer and distribution chains in the country. Indeed, Russian rough buyers are looking for other sources, while the amount of oil stuck to the Chinese coast amounts to the place where traders and refineries try to avoid falling into the danger of US sanctions. In the main market, India has accelerated the price of the current Russian purchases. The fears of supplies have risen Brent -Ruolat by 10% since the beginning of the year due to cold weather in the north of the world, reducing the demand for fuel, US equities and the multiple risks of shipping. In addition to the restrictions imposed Russia, traders are concerned that the upcoming Donald Trump administration could tighten sanctions against Iran, impose commercial fees that impose oil flow and the risk of retaliation. In a monthly look at the market Wednesday, the international energy agency said that 160 tankers were imposed on the United States last week, which in 2024 sent more than 1.6 million barrels per day Russian oil, or about 22% of the country’s free exports. This also indicated that the previous restrictions of the restrictions were “very effective as it reduced the activity of the tankers by 90%.” In the United States, shares for the eighth week have dropped to reach its lowest level since April 2022, according to the official data Wednesday. Noted that the material market is narrowing in the short term, the immediate difference of the interim “Western Texas” ruol – which is the difference between the two nearest decades – expanded to $ 1.34 a barrel in a bullish structure, compared to 42 cents a month ago. The profits of crude oil came on Wednesday, even with the approval of Israel and “Hamas” on a ceasefire agreement, which led to a temporary stop of the 15 -month war in the Gaza Strip, and wider interference in the Middle East. Qatari and US officials said the ceasefire would start on Sunday and will take six weeks.