Lates News

Oil prices rose in early trading as the market expected the United States to possibly impose sanctions on Russian oil and there were reports that OPEC+ is considering suspending production increases. It is reported that the Trump administration is negotiating with Congress on a bill that would authorize harsh sanctions on Russia, including tariffs on Russian oil and other commodities. However, analysts at ING Bank in the Netherlands said: "This does not change our overall expectations for the market because we already believed that OPEC+ would continue to increase production until the end of September."