Oil rises based on Geopolitical re: Russian, Ukraine war. Trump and NATO may offer a stronger response to Russia's persistent attacks on Kviv, Ukraine, and NATO airspace being breached.

Oil remains in itrs 3 mth range bound trade between $61 and $63, which has everything to do with geopolitical and/or threats of oil sanctions on Russia by the Trump administration.   Also noted are tightening supplies in the U.S., with larger draw downs, showing that Purchaser Price Index for August 2025 was correct, core inflation/energy inflation is rising in America, pointing to embedded stagflation or stagflation lite, depending on how you perceive your end of the month savings rate, after food and energy costs have chewed up your pay packet.

Range bound price support at $61, price support at $63 (red dotted line), with price resistance at $65.

Eyes on Trump sanction/tariff threats on Russian oil.  

Please refer to the above chart.

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