The prices of oil They rose on Friday to the perspective of a contraction of the offer in case of American and European sanctions against Russia.
The price of the Brent barrel of the North Sea for delivery in November increased 0.93% to $ 66.99. Its American equivalent, the barrel of West Texas Intermediate, for delivery in October, earned 0.51% to $ 62.69.
“The market is nervous due (…) to the possibility of reinforcement of sanctions against Russian oil,” John Kilduff told AFP of Again Capital.
Moscow is the second world exporter of crude oil, and Russian oil is the privileged weapon by the US president to push Kremlin to negotiate an agreement in Ukraine.
Asked about how the measures against Russia would be, Donald Trump said Friday that they would consist of “hitting them hard with sanctions against banks and also with respect to oil and tariffs.”
“We run the risk of losing Russian barrels,” Kilduff explained.
However, “the foundations favor a decrease in prices,” the analyst claizes, both for “economic activity” and for the “perspectives of supply and demand.”
The weakening of the US labor market “directly impacts the demand for gasoline,” he said.
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