Oil prices are rising amid vague over supplies and Ukraine conversations

Oil prices have risen in a large -scale session, amid foggy in the market over peace talks between Russia and Ukraine, and a possible increase in Iraq export. Brent ruol increased April delivery by 0.5% to close 74.78 dollars a barrel, as well as the Western Texas, the mediator to $ 70.70, after changing the direction during the entire session several times. Iraqi oil minister Hayyan Abdul -Ghani said on Monday that Iraq could resume exports early this week if he reached an agreement to re -work a pipeline arriving in türkiye. The markets may be an addition to an additional 185,000 barrels per day, but the ministry said that the exports will remain within the limits of the agreed session with “OPEC+”. Factors pushing oil prices move rough in about $ 5 during February, to an increase of more than $ 80 a barrel at the beginning of the year. Prices have dropped from these levels amid continuous expectations for the weakness of Chinese demand, the possibility of excessive supply in the market, and the possibility that mutual definition procedures will affect world growth. The markets carefully monitor negotiations to end the three -year war in Ukraine. The settlement with Russia can pave the way to reduce sanctions, which can increase export flow. Ukrainian President Folodimir Zellinski said he would be ready to retire to secure peace in his country, as US President Donald Trump called on Ukraine to hold elections. At the same time, the OPEC+Alliance is expected to postpone the production repetition plans, as the market has a possible surplus in the offer. More than 70% of traders and analysts who have investigated their opinion will expect the coalition to postpone the first series of monthly increases, scheduled for April. Meanwhile, there were signs of strength in some parts of the market, where the price of Brent-Dubai-RU, a measure of the relative value of the European and Middle East crews has reached the lowest level since June. This indicates that the refineries are eager to obtain the lean raw drums produced from the region after the supplies have shrunk due to the “OPEC+” discount.