Oil prices shrink its losses and "Brent" dates back to $ 60 a barrel

Oil prices fell after the “OPEC+” coalition agreed to a significant increase in production, at a time when the demand was pressure on trade due to the trade war launched by US President Donald Trump, which increased the fear of an abundance of the market. Brent -ru -Cades fell 4.6% to about $ 58 a barrel, before the losses dropped to 1.24% and the global references rough weather over the $ 60 a barrel. While the price of “West Texas”, the mediator was $ 57.5 a barrel, after reducing its losses to 1.3%. The “OPEC+” coalition announced on Saturday that oil production has increased 411 thousand barrels a day from next June, which will accelerate the resumption of the stop of production, but it could also aggravate the fall in crude prices. This increase reflects a similar step announced last month, when the sudden announcement of pom quantities equal to three times the size scheduled for Mayo led to a sharp drop in oil prices. The coalition led by Saudi Arabia and Russia began to withdraw from the production cuts that support prices, but at the same time led to the loss of “OPEC+” for market classes in favor of outside the coalition that increases production. As an indication of the continued growth of supplies from outside the coalition, the “Exxon Mobil”, “Chevron”, “Shell” and “Total Energy” enterprises maintained their investment plans with the announcement of the results of the first quarter last week, while “BB” was the exception. have. Oil is one of the worst achievement in 2025, the oil was a sharp decline in 2025 to reach its lowest level in four years, with the threat of trade war led by US President Donald Trump for global growth, and the undermining of investor confidence and the decline in energy demand. The fundamental shift in the “OPEC+” policy added a momentum of the continuous sales team, making oil among the worst performances during 2025, according to “Bloomberg”. “The market will not be able to absorb the increase of OPEC+ easily,” the agency Ajay Barmar, director of oil market analyzes at the ICIS, cited, adding: “The growth of growth is poor, especially after recent customs duties,” and note that Brent prices are falling “is inevitable.” Morgan Stanley lowered its expectations for oil prices after the ‘OPEC+’ decision, expecting the price of ‘Brent’ crude oil $ 62.50 a barrel to reach in the third and fourth quarter of 2025, a $ 5 decline, according to analysts, including Martin Rui, in a note. The “Goldman Sachs” group analysts, led by Dan Strewinh, also lowered their expectations for RU prizes. Low prices relax central banks at the same time, the low energy prices may be, if it persists, are welcome by monetary policymakers, including US Federal Reserve officials who will meet this week to judge the monetary policy, amid repeated pressure from Trump to lower interest rates. The decline in oil prices and related products, such as diesel and gasoline, will partially compensate the inflationary effect caused by expected customs duties. In this context, Trump indicated that he was open at some point to reduce customs duties on China, because the current levels are so high that the two largest economies in the world “actually stopped doing business with each other.” * Prices have been updated in the case to reflect the reality of the market.