The drop in the price of crude oil in the world markets; The report of the latest changes on Monday, the first of February

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1.56% decrease in WTI oil
WTI crude oil with decrease More than 1.5% reached 76 dollars and 60 cents per barrel. Traders were looking forward to President Trump’s inauguration and his speech, especially on energy policies, where Trump has promised to roll back some of the Biden administration’s renewable energy policies and ease restrictions on new LNG permits.
The Wall Street Journal also reported that Trump will not impose tariffs on China, Canada or Mexico on his first day in office, easing market concerns. On the other hand, there are speculations about the possibility of a change in the US sanctions against Russian oil; Because Trump has promised to reduce restrictions against Russia’s energy sector in order to resolve the conflict between Russia and Ukraine.
Stabilization of the situation in West Asia also put more pressure on oil prices; Especially after the exchange of prisoners between Hamas and the Zionist regime, Sunday was the first day of the ceasefire after 15 months of conflict.

1.3% decline in Brent oil
Brent crude oil price also With a decrease of more than 1.3%, it reached below 80 dollars and reached the price of 79 dollars and 72 cents per barrel. Traders such as the WTI market were anticipating Trump’s energy policies and their impact on the world market. Trump’s commitments to reduce renewable energy policies of the previous administration and remove LNG restrictions could have long-term effects on energy supply.
Also, speculations about the possible lifting of Russian oil sanctions, following Trump’s promise to resolve the Russia and Ukraine crisis, have short-term effects on the market. had The stabilization of the Middle East and the reduction of tensions also became the reason.

The growth of US heating oil prices in January
US heating oil in January reached a six-month high of $2.57 per gallon, although today saw a 1.3 percent drop. Lower-than-expected data on the US core inflation rate raised hopes of a Federal Reserve rate cut and boosted energy demand.
A recent report from the Energy Information Administration (EIA) showed that US crude oil inventories rose for the eighth consecutive week. It has faced a decrease of one million and 960 thousand barrels; A figure that exceeded the forecast of a decrease of 1.6 million barrels.
On the other hand, the increase in reserves of petroleum products such as diesel and heating oil somewhat reduced the supply pressure. Gasoline stocks increased by nearly three times the forecast and reached 3.7 million barrels, while heating oil stocks rose by 650,000 barrels.