By Florence Tan
Singapore (Reuters) -O prices fell on Monday after US Trump calls OPEC to improve the best starting ones to notify the predictive steps to develop his first week of Office.
Futures fall into 35 cents, or 0.45%, up to $ 78.15 a gun at 0726 GMT after setting up 21 cents higher on Friday.
US West Texas between crude is $ 74.26 a gun, at 40 cents, or 0.54%.
Oil losses indicated in the first place after US quickly repeated plans to impose penalties and tarks in Colombia, after the White House said on Sunday.
Penalties may have deterred the oil supply, as Colombia last year sent about 41% of the exports of Seaborne exports to the US, according to the data from the analyotic fir fir fir fir fir fir red analyotics kpler .
However, Trump’s repeated call Friday for the organizing of Petroleum export countries to cut oil finances in the wool in Ukraine, weighed in oil markets.
“A way to prevent it easily for OPEC to stop making a lot of money and drop the oil price … that the war stops immediately,” Trump said.
Trump also threatens Russia “and other participants’ countries” with taxes, tariffs and patterns when an agreement at the end of the War Ukraine has not been taken soon.
The Russian President Vladimir Putin said Friday he and Trump should meet to discuss about the War in Ukraine.
“They set up for negotiations,” says John Driscoll’s consultant – Since Singapore JTD Energy, adding it creates the order of oil markets.
He added that oil markets may burn a little to lower Trump’s policies aimed at the US output extension while he intends to get overseas markets.
“He wants to muscle some of the market sellers in the OPEC in that sense that he is a competitor,” Driscoll said.
However, its allies including Russia has not yet acted on Trump’s call, with delegates that focus on a plan to start the development of oil output from April.
The two benchmarks post their first decline in five weeks last week as concerns shone about Russian penalties that have broken goods.
Goldman Sachs Analysts said they did not expect a large Russian production hits higher supply of non-sensitive sensitive buyers to keep buying oil.
“As the most real purpose of punishments is to reduce Russian oil income, we think western policies will pririd Russian pants to reduce a note.
However, the JP Morgan analyst said some premium risk is justified to be given nearly 20% of the global aframbox fleet now facing penalties.
“The application of Russian energy sector sector is like repairing future negotiations, indicating that a zero risk risk is not appropriate,” they added in a note.