Oil prices end up with the Trump deadline for the imposition of counterparts

Oil prices fell on the third consecutive session, with the acceleration of talks between the United States and its trading partners before the upcoming final deadline next week. The price of ‘Brent’ crude for September fell 0.9% to $ 68.59 a barrel, and the mediator “West Texas” fell 1.5% to stabilize nearly $ 66 a barrel, with the appetite for fading the markets, and traders move to turn their contracts before the end of the August contract. Investors also focused on talks between negotiators of the European Union and the United States, in light of the efforts to reach a trade agreement before August 1, the date on which President Donald Trump threatened to set up customs with 30% on most BlOC exports. Joe de Laura, the global energy strategy in “Rabobank”, said that “the falling risks are the surplus offering we expect in the fourth quarter of this year and the first quarter of 2026, with the date of imposing fees at the first of August as another possible factor to print prices,” Joe de Laura, Global Energy Strategy said. Calm return to the markets to Iran and Israel’s struggle since the end of the Iran -Israel conflict at the end of last month, oil prices have moved in a narrow scope, which has led to the decline in the indication of fluctuations in the market since early April. While the prices of the West Texas and Brent ruol remained almost stable, the diesel market was the biggest movements, as prices jumped due to the scarcity of supplies and the closure of refineries. In the near future, traders are awaiting the issuance of US economic data this week, including unemployment and home sales requests.