Oil prices have the biggest loss in two weeks

Oil prices have incurred its biggest loss in two weeks, as investors have evaluated the possibility of increasing the offer of “OPEC+”, and the effects of trade tensions between the United States and China. The Western Texas rough futures were traded near $ 62 a barrel, after falling by 3.2% on Wednesday, while Brent ruol closed more than $ 66. Many coalition members are looking for another significant increase in the offer in June, amid disputes over the commitment to the shares, according to a Reuters report. Fear of the fees on which the oil is on the way to a great loss this month is in the midst of the fear that American customs duties and against people are one of the largest commercial partners will affect economic activity and energy demand. Although there are indications about the decline in tension between Washington and Beijing, Treasury Secretary Scott said that President Donald Trump did not offer the reduction of fees unilaterally. Meanwhile, US crude shares increased by 244,000 barrels last week, according to the government’s data. This is compared to an industrial report indicating that stocks have shrunk so much this year.