Similarly,
Oil decreases little convinced threats:
Around 11:15 am, Brent lost 0.77% to $ 68.23. Similarly, Its American equivalent, the barrel of West Texas Intermediate, fell from 0.89% to 65.70 dollars. In addition,
Oil prices are giving up land on Tuesday. However, the market scrutinizing the threats of Donald Trump which targets the purchases of Russian oil from India, but preparing for a drop in demand in the fourth quarter.
Around 9:15 a.m. GMT (11:15 a.m. HEC), the price of the Brent of the North Sea, for delivery in October, lost 0.77% to 68.23 dollars.
Its American equivalent, a barrel of West Texas Intermediate, for delivery in September, fell from 0.89% to 65.70 dollars.
On Monday. US President Donald Trump threatened to “significantly” increase the 25% surcharge that he plans to set up on products from India.
He criticizes New Delhi for buying “large amounts of Russian oil decreases little convinced threats oil”. not to worry about “the number of people who are killed in Ukraine by the Russian war machine”.
India. which was not a Russian crude importer before the war in Ukraine, is now the second Russian oil buyer after China with nearly 1.6 million barrels per day bought since the start of the year, according to analysts.
“If India ceases to import Russian oil. it would make Russia much more difficult to sell its oil and reduce global supply,” said Arne Lohmann Rasmussen, analyst at Global Risk Management.
But “market players. including us, are at the very least skeptical” as for the threat of Donald Trump, because the American president would risk making prices climb, says John Evans, analyst at PVM.
However, the Republican has hampered since the start of his mandate his wish to see the prices of oil drop.
And. the market thinks that “the global supply oil decreases little convinced threats could exceed demand by the end of the year, which could lead to an accumulation of stocks”, explains John Plassard, analyst at Cité Gestion, in particular because of the recent increases in production quotas for the organization of oil exporting countries and its allies (OPEC+).
Oil decreases little convinced threats
Further reading: Duralex regains its shine: the Orleana glassware will reach 31 million euros in turnover in 2025 – CAC 40: While Stellantis expects a net loss in the first half, CAC 40 is back – An investigation by the “Wall Street Journal”, pointing to one of the pilots, described as “irresponsible” by the Indian Inquiry – Liberation office – The Renault Symbioz adjusts by 6,155 € its downward price by € 6,155 – Amazon closes his Shanghai AI laboratory, confirms a source.