Oil prices are rising amid concerns over supplies

Oil prices have risen after US President Donald Trump indicated that the United States could work to reduce crude oil shedages of Russia, the third largest producer and the most important source in the world. The mediator “West Texas” rose 3.1% to establish at $ 71 a barrel, and has achieved his biggest profit since Trump held office, while Brent contract approaches $ 75 in June. NBC News reported on Sunday that Trump said he was “very angry” from Russian President Vladimir Putin, and that he would consider setting up “secondary customs duties” to reduce the country’s oil exports, as Moscow refuses to stop the shooting with Ukraine. Any coordinated attempt to punish Putin can have a long -term impact on the broader oil market. India and China, who have become the most important buyers since the comprehensive Russian war against Ukraine, will experience special pressure. “It seems that the market is evaluating whether demand risks or demand is the biggest concern.” She added: “At the moment, the fear of the supply is controlled by the market, but if the weakness of the broader assets continues, oil prices can eventually give the concerns about the question,” she added. What has increased concerns about the scarcity of supplies, the energy information administration said that the production of the United States dropped to 13.15 million barrels per day in January, the lowest level in 11 months and less than weekly estimates. Meanwhile, commodity trading consultants, which tend to aggravate price fluctuations, have liquidated open centers in Western Texas, compared to 54% on March 26, according to the data of the Bridget Group for research.