Oil prices are rising after Iran's doubts about the possibility of a nuclear deal with Washington
Oil prices have recorded a sudden increase after Iran revived the future of discussions with the United States about a possible nuclear deal. Brent -Ruolat jumped 1.1% to trade more than $ 65 a barrel to Iranian Foreign Minister Abbas Arakji, who said his country was seeing “conflicting and inconsistent positions” by US negotiators. Western Texas’s intermediary rough ascended, but both tissues later reduced their profits. US President Donald Trump indicated at the beginning of the week that his country was near an agreement with Tehran. Although reaching an agreement can pave the way for the return of limited Iranian supplies in the market in the case of a reduction in the sanctions, these supplies will enter a market that is already preparing to break the offer. The International Energy Agency on Thursday renewed its expectations for the new offer, as well as the resumption of the production of the OPEC+coalition, beyond the pace of the slowdown this year and threatened a global surplus. “We do not exaggerate the impact of the Iranian stock agreement, it can only add between 200 to 300 thousand barrels per day, a quantity that is not large,” says Robert Rene, head of commodity and carbon research at Wespac Bank, adding that “Brent Ru is likely to stay within a range between 60 and 65 dollars.” Oil prices tend to achieve weekly profits for the second time in a row, powered by cautious optimism about improving demand for a approach to positions between China and the United States, the world’s largest oil consumers. Nevertheless, since the beginning of the year, prices are still more than 10% low, under the weight of commercial ambiguity and the acceleration of supplies of “OPEC” and its allies. Meanwhile, some future oil contracts still show the “Contang” pattern, a negative price trend in which the nearest contracts are traded for less than the far. The difference between the two nearest decades of December of Brent rough fell to the lowest level in more than a week.