Florence Pooh
On Monday, Singapore prices exceeds higher than 2% on Friday, as investors have imposed further sanctions on Russia, but in uncertainty of the ongoing tariff may affect.
Brent Crude Futures Rosed 8 cents up to $ 70.44 per barrel by 0011 GMT by extending 2.51% profit. The US Intermediate Clean Future of the US West Texas rose up to $ 68.50 after a 3.82% higher level solution at the previous session.
On Sunday, US President Donald Trump said he would send patriotic anti-aircraft missiles to Ukraine. On Monday, he must have a “big statement” on Russia.
Trump has expressed disappointment with Russian President Vladimir Putin in Ukraine due to the lack of progress at the end of the bombing of Russia’s bombing of Ukraine.
The US bilateral bill, which would hit Russia with sanctions, gained momentum last week, but it is still waiting for trumpets last week.
EU ambassadors are on the verge of agreeing on the 18th package of sanctions against Russia, which will include a lower price cap on Russian oil, after Sunday’s meeting, I said four EU sources.
Last week, the Bright rose by 3%, and WTI has a weekly profit by 2.2%, after the International Energy Agency notes that the demand is demand.
However, analysts say that prices are limited to Saudi Arabia, which has increased oil production above its quota, under the supply of oil exports and allies.
The IAEA said that Saudi Arabia has exceeded its oil output compared to June, 430,000 barrels per day, reaching 9.37 million BPDs of 9.37 million BPD.
The Saudi Ministry of Energy said that the Kingdom was fully accustomed to its voluntary opec + output target on Friday, adding that the sailing of the Saudi market in June amounted to 9.352 million BPD.
Otherwise, the issue of China’s preliminary commodity trading data will later need any continuous signs of weak demand on Monday, saying the disease in the record.
Investors also stand out for the results of the US tariff negotiations with key trading partners who can affect global economic growth and fuel demand.
(Report by Florence Pooh; editing, Sonal Paul)