29-07-2025
Oil Holds Gain as Trump's Russia Deadline Raises Supply Concerns
Oil held a gain after President Donald Trump pushed for Russia to reach a swift truce with Ukraine or face potential economic penalties, raising concerns crude supplies from the OPEC+ producer could be disrupted.
West Texas Intermediate was around $67 a barrel after closing 2.4% higher on Monday. Brent settled near $70. Trump said he would impose a new deadline of 10-12 days for Moscow to reach a ceasefire, warning of 'secondary sanctions,' he said on Monday. The president initially gave Russia 50 days for a truce.
