Oil prices vary amid concerns about the prospects of the offer

Oil prices varied after their first drop in six sessions yesterday, as technical indicators showed that the last height exceeded the limit. Brent -Ruole replaced its losses in the morning trading to rise by more than 0.6% and trade at $ 76.8, after losing 0.3% on Monday, and the West Texas West Raw rose 0.5% to circulate to approach $ 74. The futures contracts reflected on Monday, after the relative power index indicated nine days, that prices were at the levels of peak purchasing, and in the light of a downward movement in the immediate difference of the ‘West Texas’ crude oil. Prices can be struggled to meet the profits, after it came out last week from a narrow series that has traded since mid -October, as expectations affect the offer of the offer, the potential revival of the “OPEC+” production, and the poor demand of China is the largest importer, the optimism of the market. While money managers were optimistic at the beginning of the year, analysts, including Bank of America, have repeated their warnings that the size of the offer of non -member states in OPEC+will exceed world consumption growth. The production of “OPEC” the production of the “Petroleum Exporting Countries” (OPEC) (OPEC) decreases with 120,000 barrels per day to 27.05 million barrels per day in December, when the UAE was responsible for most of this decline, according to the Bloomberg survey. The modest increase in the production of Libya and Nigeria was compensated with similar cuts in Iran and Kuwait. In the broader markets, the dollar has reduced its sharp decline against most of the most important currencies, after US president’s election Donald Trump denied the authenticity of a report of the Washington Post and said he would limit his plan for customs tariffs. The weakness of the US currency makes prices in this currency more attractive.