Oil prices have risen after a series of declines, with investors expecting any progress in US commercial talks and monitoring low stock levels. Brent Crude trades after four consecutive Retreat sessions near $ 69 a barrel. US President Donald Trump has announced that he would impose the definitions of customs ranging from 15% and 50% before the deadline on August 1. 15% was determined on Japan on Wednesday, while the European Union has made progress on a similar agreement. Also read: The European Union negotiations and America are on their way to a 15%fee agreement. Fishno Varathon, head of the total economy of the Asian region in “Mezoho Bank”: “Oil prices may be a minor recovery based on a less pessimistic assumption of demand, as the market shows a satisfaction of avoiding the worst scenarios”, but he warned that this “commercial relief” could not last in the light of the expectation. Reduced US shares The data showed that US supplies dropped crude oil by 3.2 million barrels at national level last week, while shares for the third week in a row are the delivery point for the “West Texas” trolk contracts, which is the third week in a row. As far as diesel supplies are concerned, despite their increase at the lowest seasonal level since 1996. The oil markets live in an anticipation during this month, as the scarcity of the supply in the global diesel market was balanced during the summer months with the expectation of an increase in the supplies by the ‘OPEC+’ with raising product classes. The sanctions are still under a microscope, with the possibility of the impact of the new restrictions imposed by the European Union on Russia on importers such as India, while Scott, US Treasury secretary, renewed US Treasury Secretary that China’s purchases of Russian and Iranian oil could be among the axes of commercial negotiations next week. * The prices have been updated to reflect the reality of the market
Oil prices are rising amid anticipation to progress in commercial conversations
