On Tuesday morning, term contracts for the barrel of oil West Texas Intermedate (WTI) in deliveries for September fell on the Nymex stock exchange in New York by almost 0.7 percent, to $ 63. Brent on the ICE stock exchange in delivery for October was valued after $ 66.19. for a barrel, after a 0.6 percent discount Closer to 10.00 of the Polish time, the discount increased to 1 percent, which meant the lowest prices from the beginning of Junethat is, before they even started as a result of Israel's attack on Iran.
Market participants include planned three -sided talks between Russia, Ukraine and the USA to end the war in Ukraine, which could lead to sanctions for Russian oil. Market moods remain cautious, analysts indicate that any breakthrough in conversations that would lead to alleviating tensions and removing the threat of customs or sanctions, could cause further decrease in oil prices.
US President Donald Trump announced on Monday, after talks with the President of Ukraine Volodymyr Zelnski and European leaders, that he arranges Zelanski's meeting with Putin regarding the end of the war. He expressed readiness to help Europeans in guaranteeing peace.
See also: The meeting of Putin and Zełenski is getting closer. Here are the key arrangements from the meeting in the White House
Donald Trump said that after conversations with Europeans in the White House he called the leader of Russia Vladimir Putin and began arranging the meeting of Zelanski-Putin, followed by another, three-sided, with his participation.
The US President assessed the meeting with European leaders as a good first step to the end of the war and added that the issue of security guarantee for Ukraine was discussed to be granted by European countries “in coordination with the United States”. Earlier he talked about protection similar to the one resulting from Article 5. NATO.
Analysts indicate that if the weapon was suspended in the Russia-Ukraine war, this may result in an increase in the supply of Russian oil to global fuel markets. “Opery oil may, however, remain in the waiting phase for now,” says Vandana Hari, a consulting company Vanda Insights. “Although the path to resolving the Russia-Ukraine conflict is open, but it can be long,” he adds.
However, some analysts remain skeptical about the rapid resolution of the conflict. There are also fears that commercial and diplomatic tensions may continue to interfere with energy flows, even if peaceful perspectives in Ukraine seem brighter. On Monday, the White House criticized India for buying Russian oil, claiming that this is how war is financed in Ukraine.
