Oil prices are rising amid the increase in US pressure on Iran

Oil prices rose for the second consecutive session, with the support of optimistic economic indicators of the largest consumers of crude oil in the world, while US attacks on Iranian returned Houthi Houthi group renewed concerns about a broader confrontation in the Middle East. Brent -ruol rose 0.7% from May to close at $ 71.07 a barrel, and the West Texas West rose 0.6% to sit below $ 68 a barrel, after US retail sales showed a slight slowdown, instead of a sharp decline as some expected. Meanwhile, China plans to take measures to stabilize the stock and real estate markets, increase wages and increase the birth rate in the country, according to the ‘China News Agency’ (Xinhua). Washington has to do with Houthi attacks as Iranian in a social media publication, US President Donald Trump said his administration would regard the marine attacks launched by the Houthi group, as direct attacks of Tehran, which could revive the geopolitical risk allowance in the market. It comes in the wake of the Minister of Defense, Beit Higseth, that the US strikes on the Houthi sites will continue ‘tirelessly’ until the group stops targeting ships in the Red Sea. Bok financial securities. He added that the US CRA oil contract for the nearest right is resistant to an average average of $ 68.56. At least one investment fund has a bet on options worth 20 million barrels, and it is expected to make profits if the burning of tension in the Middle East pays the ‘Brent’ crude contract to deliver June, which is currently trading near $ 71, which would have the price of the price of the price of about $ 100. Donald Trump’s commercial wars, amid the ‘OPEC+’, decide to increase supplies, and the possibility of the war in Ukraine, which can return Russian barrels to the market. This week, the US president could talk to his Russian counterpart, Vladimir Putin, at a time when Washington tried to reach an agreement to end the three -year conflict. However, the futures in a rising structure remain, with short -term contracts at higher prices for long -term contracts, indicating a good balance between supply and demand. The decline of economic expectations as a result of Trump’s fierce attacks on the country’s most important commercial partners, to reduce the “Goldman Sachs” group its expectations for the ‘Brent’ RU price, according to analysts, including Dan Strewvin, in a note on Sunday. The company has also indicated that the growth of oil demand will be less than previous estimates, as customs duties threaten global growth. However, Goldman said that prices could recover “slightly” in the short term, as the US economy is still steadfast, and that it does not show the possibility that the sanctions set on Russia are immediately alleviated.