Oil prices are on their way to a monthly loss, amid concerns about an exhibition surplus

Oil prices have fallen in the direction of a monthly loss, amid the fear of an imminent surplus in offer and geopolitical tension, including efforts led by the United States to end the war in Ukraine. Brent -Ruolie traded November delivery below $ 68 a barrel, with the global index dropped by more than 5% this month. The Western Texas Raw has dropped to about $ 64. Oil lost its profits in August amid the anxiety that the global supply could exceed demand during the upcoming classes, which improve shares. Also read: Despite the excess of the offer. “Petrobras” pour more oil into the markets in anticipation of Trump’s position on the war in Ukraine, and clients also focus on Ukraine and Russian rough flow. White House spokesman Caroline Levitt said US President Donald Trump could issue a statement on the situation later Thursday local time. This week, Washington has set 50% fees on most Indian imports to punish New -Delhi for their Russian rough purchase. German Chancellor Friedrich Mertz was of the opinion that a meeting between Ukrainian President Foludmir Zellinski and Russian President Vladimir Putin is unlikely. Trump has threatened “very major consequences” if Russia does not sit at the negotiating table, absolutely two weeks to hold bilateral conversations. The decline in oil in August is the first monthly decline since April, when most goods were influenced by a sharp escalation in the Trump’s commercial war, and the fear of the decline in energy consumption. The fear of excess, fed by the expectation of the international energy agency, comes at a time when the OPEC+Alliance terminated voluntary supplies.