Oil prices vary with the decline in trading tension and high supply expectations

Oil prices have seen fluctuations, with the market balance between the decline of commercial tension on the one hand, and the expectations to increase supplies of the “OPEC+” alliance on the other. Brent Ru completed Julie’s delivery at $ 64.74 a barrel in New York, while the price of “West Texas”, the mediator for the same month, reached $ 61.53. US President Donald Trump has expanded the deadline that was granted before the imposition of higher customs duties on the European Union, which launched a global wavy in the market. However, oil prices are still under pressure with the search for the “OPEC+” coalition in the possibility of another significant increase in production. “The commodity markets, as expected, expected with Trump’s decision to postpone the imposition of fees on the European Union.” He added: “The next meeting of the OPEC+ Alliance also has a major focal point, given the possibility of a decision to increase other major production.” The fees have printed the prices since mid -January, and oil prices tend to land, due to the consequences caused by the wide customs duties that Trump imposed and the retaliation procedures, which weakened the expectation on demand. Sunday is the upcoming “OPEC+” essentials for the opposite winds of prices, as the coalition is expected to determine its policy for supplies for the month of July. Meanwhile, Trump expressed optimism about discussions with Iranian officials, while sought restrictions on the country’s nuclear program. The US and Iran officials spoke in Rome last week, who described Iranian Foreign Minister and chief negotiator Abbas Araqji as an agreement. Trading sizes fell Monday due to market holidays in London and New York.