Oil Prices Decrease: Market Anticipates Easing of Sanctions Against Russia.
21.01.2025
2093
Journalist
Shostal Oleksandr
21.01.2025
2093
Oil prices have dropped due to expectations of easing restrictions from the agreement between the USA and Russia regarding the end of the war in Ukraine. This easing leads to reduced concern over oil supply due to increased sanctions.
The price of Brent crude oil futures has fallen to $80.63 per barrel, while WTI oil has decreased to $77.33 per barrel.
Analysts emphasize the risk of a short-term price increase in the event of actions taken by the Trump administration. He promises to quickly end the war between Russia and Ukraine and lift some restrictions to achieve an agreement.
New sanctions are likely to lead to a decrease in oil supply in the short term.
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