Oil prices closed over $ 1 per barrel on Wednesday, with fears of possible interruptions of the offer, after Poland has dropped the drones in its airspace and the United States have put pressure on new penalties on Russian oil buyers.
The scenario occurs one day after an Israeli attack al Qatar. However, a report that has shown an increase in the United States offers limited earnings.
Future Brent oil contracts have increased by $ 1.10, or 1.7%, to close $ 67.49 per barrel. Future West Texas Intermediary (WTI) oil contracts from US $ 1.04, or 1.7%, to close $ 63.67 per barrel.
Geopolitical tensions increased when Poland massacred the drones that flew on its airspace during a widespread Russian attack in Ukraine, the first shots of a NATO member in the Russian war.
Tuesday, prices increased by 0.6% after Israel said she had attacked the leadership of the Palestinian militant group Hamas in Doha. Both reference contracts increased by almost 2% shortly after the attack and then returned most of these earnings.
However, there was no immediate threat of interruption in the oil offer.
“The black cloud of surplus in front is (…) hanging on the market, with Brent who is negotiated by two dollars last Tuesday. The geopolitical risk prizes rarely last long, unless a real interruption occur in the offer,” said seb analysts.
The President of the United States Donald Trump asked the European Union to impose 100% rates on China and India – the main Russian oil buyers – as a strategy to press Moscow to go to peace negotiations with Ukraine, according to sources.
With the EU authorities in Washington to discuss penalties against Russia, the head of the European Commission, Ursula von der Leyen, said on Wednesday that the block was taking into consideration a faster elimination of Russian fossil fuels as part of the new measures in Moscow.
It is very unlikely that the blocking of 27 members imposes paralyzing rates on India or China, said EU sources.
Source: Terra
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