Oil prices have after weekly profits with the support of interest reduction tips

Oil prices stabilized after weekly profits, with traders followed up to the supplies -related tensions, as well as the general vote for high -risk assets to the Federal Reserve’s reference to a possible return to lower interest rates. Brent -Ruolie traded nearly $ 68 a barrel last week after the increase by about 3%, while the West Texas mid -East exceeded $ 63. The United States has threatened to double custom duties on all its imports from India to 50% in response to the purchases of Russian oil in New -Delhi. Before the punishment, Indian diplomats said Wednesday that local refineries will continue to buy crude oil from Moscow. Useful interest -tips can expand support prices on Monday the high -risk assets, including commodities, could expand after federal President Jerome Powell pointed out in Friday’s speech to a possible profession to lower interest rates next month. This will support crude oil by stimulating economic activity and weakening the US dollar. Brent ruol closed in the $ 60 a barrel daily during the current month, while traders balance the challenges Russian exports face, strive to end the conflict in Ukraine, and the pressure caused by the US trade war. The futures contracts are still 9% low this year amid the fear of surplus supplies during the upcoming chapters, at a time when the OPEC+Alliance ended the voluntary discount. Brent Futures Trading volumes could be less than usual on Monday, with a public holiday in the UK that keeps some traders out of the market.