Oil prices are rising amid the anticipation of the results of trading negotiations in London

Oil prices have determined after a weekly jump, amid optimism that a new round of trade between the United States and China can contribute to reducing world tension. Brent Ru traded more than $ 66 a barrel after 4% increased last week, while West Texas, the interim ru, approached the $ 65 level. Negotiators from the United States and China are scheduled to hold talks in London on Monday, increasing the possibility of progress in trade conflicts between the two largest economies in the world, which has had the market for the market this year. The raw prices have fallen by 11% since the beginning of the year, amid the fear that rising trading tensions could slow down global growth and weakening energy demand. Meanwhile, the “OPEC+” coalition increases production faster than expected, which promotes the fear of potential glow in the offer during the second half of the year, your prices can print. The rate of price fluctuations calmed down, although oil prices saw during the second term of US President Donald Trump, the rate of price fluctuations since the mid -May has been calmed, at a time when clients have balanced the indicators of the progress of trade talks and fuel consumption during the summer leadership season in the northern hemisphere. “If the London meeting still refers to an optimistic atmosphere, it could reduce the negative economic impact of the trade war,” said SDIC Futures Co, based in Beijing. She added: “After the negative impact on the short time to record the OPEC+ production in July, the overall morale rendered the improved, high seasonal demand and the continuation of geopolitical risks to support prices.” Futures have moved within a scale of less than $ 4 since mid -May, while an index to make the lowest levels of prices since the beginning of April. At the same time, the immediate difference expanded in Brent contracts, that is, the difference between the two nearest two decades, in the “Bakoridation” style, a bullish style.