Oil is still rising with the largest drop in US stocks in two months

Oil prices were a slight rise for the second day, after the unusual decline in US equities expected the market that the market would take up a global offer later in the year. Brent ruol traded over $ 67 a barrel and continued to rise by 1.6% on Wednesday, although it remained within the narrow range where future contracts in the summer continued to get stuck in more than two weeks during the limited trade operations. US stocks fell 6 million barrels last week, in the largest decline since mid -June. The petrol supplies also dropped for the fifth week in a row. Trump’s policy is pushing the market despite the recent rise, oil has been low by more than 10% since the beginning of the year due to concerns about the effects of US commercial policy on economic growth, at a time when the OPEC+Alliance ended the voluntary cuts that existed. These factors have increased the expectations of a sacrifice in the market as soon as the highlight of the summer question ends. Traders also monitor the development of efforts to reach a ceasefire in the Ukraine War, which can pave the way to reduce sanctions against Russian oil. Also read: Expectations of the stability of Russia’s oil production and exports despite the challenges, and despite the wide sanctions, Moscow oil continued to flow to the markets, with a large part of it to India. However, the US administration has directly criticized the New Delhi for the purchase of Russian Ru, as President Donald Trump threatened to impose economic sanctions on the Asian state. The highlight of Kusheng’s shares that ‘Brent’ ru varies in a series of between 65 and $ 70 a barrel since August 4. On the other hand, rough shares in the main storage center in Kussking, Oklahoma, rose for the seventh week in a row, according to “Energy Information Management” data. This center, which is the delivery point for the interim “West Texas” contracts, is a witness to a noticeable increase in the supplies coming from the “Bramean -Kom”. (Prices have been updated to match the movements of markets)