The oil barrel falls after Trump reversed his threat of sanctions to Colombia

The oil barrel falls after Trump reversed his threat of sanctions to Colombia

Brent’s futures yielded 24 cents, or 0.3%, at $ 78.26 a barrel, after raising 21 cents on Friday. The West Texas Intermediate in the United States remained 32 cents, or 0.4%, to $ 74.34.

Crude prices fell on Monday after the United States and Colombia reached an agreement on deportations, which reduced the immediate concern for the interruptions of the oil supplyalthough it kept the operators in suspense.

The futures of Brent They yielded 24 cents, or 0.3%, at $ 78.26 a barrel, after raising 21 cents on Friday. He West Texas Intermediate In the United States, 32 cents, or 0.4%, $ 74.34.

USA He march back quickly in their plans to impose sanctions and tariffs on Colombia after The South American country accepted immigrants deported by Washington, As reported by the White House late on Sunday.

The news that impacts the market

“There is a generalized negative feeling”Said Bjarne Schieldrop, Chief of Sab raw materials. “Even if the sanctions did not take place, it creates nervousness to know that Trump will intimidate who needs to be intimidated to get his own.”

Trump’s repeated call to the organization of oil export countries (OPEC) to cut oil prices In order to harm Russia’s finances, rich in raw, and help end the war in Ukraine also weighed in the markets.

Both referential raw indices recorded Your first weekly fall in five weeksdecreasing concern about the possible supply interruptions derived from the latest sanctions to Russia.

Goldman Sachs analysts pointed out that they do not expect a great impact on Russian production, since the increase in freight encouraged ships not sanctioned to transport Russian crude, while The increasing discount in the Russian degree affected attracts prices -sensitive buyers.

Even so, JP Morgan analysts pointed out that a certain risk premium is justified, since almost 20% of the World Aphramax fleet is currently facing sanctions.

Source: Ambito

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