Investors are also expectant interest rate hike that will define today United States Federal Reserve. This caused the dollar to position itself against other currencies. The expectation is that the hike will be aggressive, and it is also expected that other central banks will follow this policy. The investment manager BlackRock warned on Tuesday about the effects of the rate hike on economic activity.
Putin said he signed a decree on partial mobilization from Wednesday, saying he is defending Russian territories and the West wants to destroy his country. “Partial mobilization is definitely a bullish factor as it increases the risks of a protracted war in Ukraine,” he said. Viktor Katonaprincipal analyst at Kpler in dialogue with Reuters.
Oil soared and peaked in March after the outbreak of war in Ukraine. The sanctions of the European Union that ban maritime imports of Russian crude They will take effect on December 5. These restrictions include maximum limits set by the G7 at the prices of Russian oil that is transported by maritime service contractors from these countries. Russia responded that it will suspend supplies if they persist with this measure.
The signs of recovery chinese Demand, affected by the closures due to COVID-19, also boosted prices, a demand that is ready to supply Russia after it suspended its supply to Europe.
It is added that the United States does not expect progress in the reactivation of the nuclear agreement with Iran 2015 at the UN General Assembly this week, reducing the prospects of a return of Iranian barrels to the international market. In turn, the Organization of Petroleum Exporting Countries announced on Tuesday that it failed to meet its target of 3.583 million barrels per day in August.
Source: Ambito
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