Oil prices continue their profits amid hope to calm commercial tension

Oil prices continued their profits last week, with the renewed tour of trade talks between the United States and China, which strengthened the hope that global tensions could be reduced. Brent Ru, August delivery, rose 0.9% to settle at $ 67.04, and futures for the Western Texas West Texas rose 1.1% to settle at $ 65 a barrel, the highest price of its record since early April. The United States negotiators and China held talks in London on Monday, strengthening the possibility of progress in solving the differences that the markets confused this year. Commodity trading consultants are adjusted, their centers, commodity consultants, who can speed up the price momentum, exposed to sales centers in the West Texas mediator on Monday to become neutral, compared to 64% on June 5, according to the data of the “Brigiton Reservation Group”. The group added that the price has risen by 3% to 4% over current levels, the funds can push to convert into net buying centers for the first time since February. The fears of the escalation of Iranian uranium supplies, meanwhile, have said the United Nations International Atomic Energy Agency that the increasing uranium supply could not be ignored quickly until a decisive meeting is held in Vienna this week. Traders have been watching the progress of core talks between Washington and Tehran, as any relapse of oil flow from the condition of the ‘Organization of Petroleum Exporting Countries’ (OPEC) is likely to be hampered. Oil prices recovered after their sharp decline earlier this year, to great heights in the supplies of the “OPEC+” coalition, as well as concerns about the prospects for demand due to customs duties established by President Donald Trump. However, the peak season of the summer question is blowing on the horizon, while the markets look tighter. West -texas -ru contracts trade closest to more than one dollar above the price of the next month contracts, which indicate a short supply scarcity.