Oil prices have been on geopolitical risks amid the market focus

Oil prices stabilized after the two -day profits, with the continued focus on the expectations of the Chinese economy and geopolitical risks in the Middle East. Brent oil trades nearly $ 71 a barrel after it has risen 1.7% during the past two sessions, while the price of “West Texas”, the mediator was more than $ 67. Signs of optimism have appeared in the largest consumers of crude oil in the world, as Beijing plans for more measures to increase a small slowdown. Geopolitical fear remained at the forefront of the scene, after US President Donald Trump declared that he would consider the wooden attacks in Yemen on shipping in the Red Sea, as direct attacks of Iran. Prior to the recent tension, which was witness to the US forces targeting the Houthi group, the Trump administration sharpened the sanctions against the energy sector in Tehran. The effects of the pressure campaign on Iran The price of crude oil is still about $ 12 from the peak in January, due to the joint factors. A global commercial war threatens the prospects for demand, while “OPEC+” will increase from April. This comes at a time when the market was already willing to break the offer, according to the International Energy Agency. Brian Martin and Daniel Heinz, the two analysts in the ‘an Z’ group, wrote in a memorandum that the potential impact on global crude oil -supplies due to the US campaign on Iran “within the borders of one million barrels per day, which replace the increase in OPEC+production, while gradually replace the voluntary production.” Currently, the basic measures show a little stronger material conditions. The immediate differences have recently expanded between the most famous contracts, as the difference between Brent -RU contracts reached three months to $ 1.38 a barrel, compared to the lowest level at $ 1.08 earlier this month.