By Anjana Anil
(Reuters) -Oil prices fell on Tuesday when the market has consumed the 50 -day deadline of the US President Donald Trump for Russia to end the Ukrainian war and avoid sanctions against buyers of his oil, while the worries lingered over the rates of Trump.
Brent Raw Futures fell 5 cents to $ 69.16 per barrel against 0000 GMT, while the American West Texas intermediary raw futures fell to $ 66.89, down 9 cents.
Both contracts settled more than $ 1 lower in the previous session.
On Monday, Trump announced new weapons for Ukraine and endangered sanctions against buyers of Russian exports, unless Moscow agrees with a peace agreement in 50 days.
The oil prices had risen on the news of potential sanctions, but gave up this profit later when the 50 -day deadline informed that sanctions could be avoided, and traders lived in the question of whether the US would actually impose steep rates for countries that continue to act with Russia.
“The break illuminated the concern that direct sanctions against Russia could disrupt the flows of crude oil. Sentiment was also weighed by rising trade stresses,” wrote Senior Commodity strategist Daniel Hynes in a memorandum to customers.
Trump said on Saturday that from 1 August he would impose a rate of 30% on most imports from the European Union and Mexico, which contributes to similar warnings for other countries and to leave them less than three weeks to insist on the rates of the endangered rates.
Rates risk slowing down economic growth, which could drag the global fuel demand and the oil prices lower.
Elsewhere, the oil question will remain “very strong” in the third quarter, so that the market remains closely balanced in the short term, said the organization of the secretary -general of the petroleum that countries export, according to a Russian media report.
Goldman Sachs increased its oil price forecast on Monday for the second half of 2025, which points to possible disruptions of delivery, shrinking oil resources in the organization for economic cooperation and developing countries and production restrictions in Russia.
(Reporting by Anjana Anil in Bengaluru; Edit by Jamie Freed)
