{"id":27642,"date":"2025-07-30T08:51:04","date_gmt":"2025-07-30T08:51:04","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=27642"},"modified":"2025-07-30T08:51:04","modified_gmt":"2025-07-30T08:51:04","slug":"oil-holds-5-week-high-to-russia-sanctions","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/oil-holds-5-week-high-to-russia-sanctions\/","title":{"rendered":"Oil Holds 5-Week High to Russia Sanctions"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"573\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/Oil7-1024x573.webp\" alt=\"\" class=\"wp-image-41763\"\/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>WTI crude rose 0.6% to $69.64, Brent at $72.10 after over 3.5% gains the prior session.<\/li>\n\n\n\n<li>Sanctions on Russia could disrupt over 7 million barrels\/day in supply.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Oil prices extended gains on Tuesday, with West Texas Intermediate (WTI) rising 0.6% to $69.64 per barrel and Brent crude touching $72.10. The market held onto its strongest rally in more than five weeks after U.S.<\/p>\n\n\n\n<p>President Donald Trump issued a ten-day deadline for Russia to reach a truce over Ukraine or face new tariffs. WTI and Brent had surged over 3.5% in the previous session on fears of fresh supply disruptions.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">US President Donald Trump said he would give Russia 10 more days from today to reach a truce with Ukraine <a href=\"https:\/\/t.co\/srZ4oo3h5J\">https:\/\/t.co\/srZ4oo3h5J<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1950253133348684072?ref_src=twsrc%5Etfw\">July 29, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Cross-border tensions have added a fresh layer of risk premium to the oil market. Russia currently exports over 7 million barrels per day of crude and refined products.<\/p>\n\n\n\n<p>Analysts warned that a <a href=\"https:\/\/t.co\/Cf26rm2pgz\" target=\"_blank\" rel=\"noopener\" title=\"\">full imposition of U.S. sanctions<\/a> could throw global balances into deficit\u2014even if OPEC+ begins to unwind additional output cuts.<\/p>\n\n\n\n<p>Traders are also watching two critical events: the <a href=\"https:\/\/t.co\/YhEBn4wdoV\" target=\"_blank\" rel=\"noopener\" title=\"\">August 1 U.S. trade negotiation deadline<\/a>, and an upcoming speech by Federal Reserve Chair Jerome Powell.<\/p>\n\n\n\n<p>Market participants hope Powell\u2019s remarks will offer clarity on <a href=\"https:\/\/t.co\/4TRamFWzST\" target=\"_blank\" rel=\"noopener\" title=\"\">whether the Fed will resume cutting rates<\/a> in the near term. A dovish tilt could further support commodities by weakening the U.S. dollar and improving risk sentiment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>After finding strong support around $66.20 on 29 July, crude oil reversed its previous downtrend and built a steady series of higher lows. The chart shows a sharp breakout from the narrow consolidation band late on 30 July, with price surging past $69.00 and closing the latest candle at $69.638.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-32.jpg\" alt=\"\" class=\"wp-image-27643\"\/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Crude oil lifts above $69.60 as bulls regain short-term control, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The 5-, 10-, and 30-period moving averages are in bullish alignment and sloping upward, reinforcing a strong short-term trend.<\/p>\n\n\n\n<p>The MACD shows a bullish crossover with expanding green bars, indicating growing upside momentum. The histogram has broken above the zero line, and both the MACD and signal lines are pointing north.<\/p>\n\n\n\n<p>These signals suggest potential for further gains, especially if price holds above the psychological level of $69.50.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>WTI needs to stay above the $69.20 support area to maintain its current trajectory. A break above $70.00 would open the door to a test of $70.80. However, sharp pullbacks remain possible if sanctions are delayed or if the Fed strikes a more hawkish tone than expected. Traders should prepare for heightened volatility heading into the August 1 deadline.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude prices climb again after Trump\u2019s ultimatum to Moscow. Traders brace for geopolitical risk and Fed policy cues. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":41763,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[66],"class_list":["post-27642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-oil"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/27642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=27642"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/27642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/41763"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=27642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=27642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=27642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}