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Oil prices rise as Trump plans Russia sanctions, arms Ukraine
short by / on Monday, 14 July, 2025
Oil prices edged higher after Trump said Patriot missiles would be sent to Ukraine and hinted at new sanctions on Russia. Brent rose to $70.47, WTI to $68.49. Market nerves were tempered by Saudi Arabia exceeding its output target. Retail sentiment toward the USO ETF remains extremely bearish despite rising geopolitical tensions and tightening supply concerns.
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