Crude oil prices remain stable as EU sanctions on Russia and US trade negotiations become the focus.

Jin10 data reported on July 21, international crude oil prices were basically flat in early trading as investors assessed the impact of the EU's latest export sanctions against Russia and closely monitored the progress of trade negotiations. Analysts at ING stated: "The muted market reaction suggests that investors are doubtful about the effectiveness of these sanctions. However, the most impactful aspect of the entire package on the market may be the EU's ban on importing refined oil products made from Russian crude oil by third countries." Meanwhile, as the August 1 tariff deadline approaches, market observers are continuing to focus on signs of short-term tightening in supply and the progress of trade negotiations, worrying that President Trump’s tariff policies may have broader economic impacts.