High oil prices with market optimism over trade conversations

Oil prices have continued their profits with the markets focusing on the upcoming commercial talks between the United States and China this week, after US President Donald Trump announced an agreement with Britain. West -texas -Inintermediate rough has risen to exceed the $ 60 a barrel obstacle after rising by 3.2% in the previous session, while Brent ruol closed near the $ 63 level. Trump said negotiations with China would lead to tangible progress, although Beijing renewed on Thursday, his call to the United States to cancel customs duties before the start of the talks. Since mid -January, the crude prices have seen a sharp fall for fear that the customs of customers imposed negatively affect economic growth, in addition to the movement of the “OPEC+” coalition to restore the stop production. Despite Trump’s praise in accordance with the UK and its historical description, the details showed that the agreement did not reach the level of the ‘complete and comprehensive’ agreement he had previously promised. In a related context, the United States imposed sanctions on a third Chinese refinery of the “tea”, as well as ports, ships, companies and individuals, on charges of facilitating the Iranian oil trade. The collection of “Khebi Shenhai Chemicals” was the main purpose of this procedure.