From Financial Modeling Prep: 2025-01-27 05:24:03

Oil prices fell after Trump urged OPEC to lower prices, following measures to boost U.S. oil production. Brent crude settled at $78.15, down 0.45%, and WTI crude traded at $74.26, a 0.54% decrease.

Colombia’s market confidence rose as U.S. reversed sanctions, preventing disruptions in oil supplies. Colombia sent 41% of its seaborne crude exports to the U.S. last year, according to Kpler.

Trump’s call for OPEC to reduce oil prices to impact Russia’s finances added pressure on oil prices. He believes lower prices could end the war in Ukraine and warned of tariffs and sanctions if the conflict persists.

Geopolitical concerns, including the Russia-Ukraine war and energy price tensions, affect oil markets. Putin’s interest in meeting Trump to discuss these issues highlights the importance of geopolitical factors on oil prices.



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