The stability of oil prices, with the increasing fear of the lack of Russian supplies

Oil prices have stabilized to the largest increase in nearly four weeks, as concerns about the limited supply of Russian crude oil overwhelmed the effects of the expansion of US President Donald Trump for customs tariffs. Brent -Ru futures were close to $ 76 a barrel after closing it, an increase of 1.6% Monday, while the intermediate crude of Western Texas traded over $ 72 after a two -day increase. Russian data has shown that oil production has decreased more from the past month without the class specified for Russia in the “Opec+” agreement, according to people who are familiar with the numbers. Oil started volatile this year, as it arose at the beginning as a result of the increasing demand for heating due to a cold winter in the Northern Hemisphere and the Sanctions of the United States against the Russian oil industry. However, prices have fallen over the past three weeks due to concerns about the impact of the definition policy imposed by President Trump, threatening to achieve commercial wars on various fronts. Also read: Golf oil prices are rising amid the scarcity of Russian and Iranian supplies to draw up a 25% tariff on all US aluminum and steel imports, including imports from Canada and Mexico, the largest mineral exporters. The definitions will come into effect on March 4, and Trump warned that it could “rise” and note that the purpose of this step is to support local production. Chris Weston, head of research at the “Bibston” business, said that simulating the impact of these definitions is still a major challenge, although short -term price movement indicates that the market has reached a temporary low. In addition, Trump made statements about the possibility that Israel canceled the ceasefire agreement with Hamas if the hostages are not returned, increasing the risk of tension in the region. When returning to the market, there are references to the presence of density in the supply, especially in the Middle East, where competitors’ flow of producers in the region allowed the price to raise prices for their most important customers in Asia. In Europe, high natural gas prices have made the use of oil more efficient, which could increase demand.