On Wednesday, oil quotations are going down.
Oil quotations finished trading on Monday in different directions.
Over the past week, Brent went up by 3%, WTI – by 3.7%.
Talks with U.S. suppliers began early this year.
Many analysts still believe that the sharp rise in gas and coal prices will lead to an increase in demand for petroleum products.
Sanctions will be imposed if Russia uses the issue of gas supplies as a weapon against Ukraine.
The situation with oil prices has not demonstrated stability over the past 4 months.
Over the past week, world oil quotations have experienced serious volatility.
Compared to July 31, oil prices fell down on 13%.
During 2 years of Trump’s Presidency 23 400 MW of electricity production capacities from coal was closed.