Oil prices have in the midst of anticipation to meet Trump and Putin

Oil prices have been closed unchanged after a volatile session, while investors have evaluated or the potential agreement between the United States and Russia to stop the war in Ukraine will have international support, and that it will affect Russian rough flow. The price of ‘Brent’ Ru, the October settlement, rose 16 cents to reach $ 66.59, while the West Texas West Mode moved in a range of about $ 1.80, before ending the day stable below $ 64 a barrel to break a series of losses that have six sessions. The United States and Russia seek to reach an agreement that devotes the control of Moscow over the countries who controlled it during its war against Ukraine, according to people who are familiar with the case. Washington is working to obtain the approval of Ukraine and its European allies on the agreement, which is still out of confirmation. A ceasefire agreement and the consolidation of Russian profits have targeted the United States and the European Union of Russia’s oil revenue in response to the war against Ukraine, while US President Donald Trump has doubled to 50% this week as a penalty for China’s purchase of new Delhi. Although investors doubt that Europe will support an agreement that represents a major victory for Russian President Vladimir Putin, the renewed collaboration between Washington and Moscow has strengthened expectations through the ongoing flow of Russian crude to its biggest buyers. Also read: The decline in the purchase of India for Russia’s oil is printing Moscow to search for alternative markets. However, the importance of the market is based on whether US sanctions against Russia, which over the past few months have confused the ability of Moscow to in effect oil and financing the Kremlin clerkas. “The potential ceasefire will have a minor impact on oil prices, if it is assumed that US and European sanctions are not lifted from Russian energy, as the market is currently not facilitating the most important risks for supplies.” He added that the proposed agreement is similar to a ceasefire and not a complete peace agreement. Flexibility to face supplies challenges has proven to be oil customers, producers and consumers, and their ability over the past few years to adapt to the challenges of supplies, whether through conflict, geopolitical risks or administrative obstacles such as sanctions and customs fees. Under the indications of this flexibility this week, the display of the shipment of Russian “ural” rough, from the west of the country, comes to Chinese buyers who usually do not consume this type of consumption. Russian President Vladimir Putin calls on Ukraine to give up the East Dunbas region of Russia, in addition to the Crimea, which was illegally admitted to his powers in 2014, which requires Ukrainian president, Voludimir Zellinski, to withdraw the powers of the Logansk and Donetsk -Region. The deterioration of expectations in the oil market, so this development has exacerbated the general falling trend with the peak of summer question from the end, as oil dropped by more than 7% in August after three months of profits. Investors are preparing for the possibility of a surplus in the supply later this year, at a time when the “OPEC+” coalition agreed to reduce supplies. Meanwhile, crude futures are under pressure from indicators to delay growth in the largest economy in the world, with the impact of the broad customs that Trump imposed on economic activity, which poses a threat to energy demand. In another indication of the weakening of circumstances, the centers for trading commodities, which tend to accelerate price movements, have turned into net selling centers for the first time since the beginning of June, according to the data of Bridget Grush Group. The company explained that traders responsible for algorithms, now 36% are for sale for the ‘West Texas’ -RU -RU, compared to only 18% a day ago, while the global ‘brent’ crude oil sold at 27%, compared to 9% purchase Thursday.