Oil Falls as Trump Gives Russia 50 Days to Avoid New Sanctions

Crude Oil Extended Its Move Lower

Sept Crude Oil extended its move lower overnight following the peak on Mon when the sanctions on Russian crude oil included a 50-day deadline, which the trade viewed as soft.

Oil: OPEC output rises – ING

The oil market continued to edge lower yesterday, with a stronger US dollar providing some headwinds. In addition, no immediate action from the US against Russia following President Trump’s 'major statement' means that the focus returns to the expected oil surplus later in the year.

Oil slips as Trump's 50-day deadline for Russia eases supply fears

Oil prices dropped by less than 1% on Tuesday after US President Donald Trump’s 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption Brent crude futures settled down 50 cents, or 0.7%, at $68.71 a barrel. US West Texas Intermediate crude futures were down 46 cents, or 0.7%, at $66.52. “The focus has been on Donald Trump. There was some fear he might target Russia with sanct…

Oil slips as Trump’s 50-day deadline for Russia eases supply fears

Oil prices dropped by less than 1 per cent on Tuesday after US President Donald Trump’s 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption.

Crude Falls Amid Stronger Dollar, Supply Risk Doubts

Oil dropped as the dollar strengthened and Trump's tariff plan avoided direct energy sanctions.

Donald Trump delays sanctions decision, oil markets react calmly

On Monday, Donald Trump decided to extend the adoption of measures against Russia for an additional 50 days, which opened the hope that new sanctions may not be imposed after all. That news brought short-term relief on the international market, where the price of oil remained above $69 per barrel. On the London Stock Exchange, the price of a barrel of oil was $69.24, almost the same as the day before, when a drop of $1.15 was recorded. In Americ…