Oil prices have risen slightly after a US government report reduced the concern over the collapse of domestic demand in the short term, even with the expectation of the Federal Reserve to delay economic growth. The “West Texas” mediator rose 0.4% to exceed $ 67 a barrel, while Brent -Ru dropped $ 71 in more than three months. The official data also showed that a lower rise in crude oil shares compared to the estimates of the US Petroleum Institute, while reserves at the Kusheng Delivery Center in Oklahoma took off. “There is currently a major concern about the US economy, and it scares the market to a certain extent.” He added: “This is a very promising sign of order.” The dollar reduced its profits after Federal Reserve officials kept the standard rate unchanged while expecting the high inflation. The fall in the dollar increases the attractive goods in US currency. Crude oil is still noticeably low from its peak in January, when several negative pressure on prices is complicated. On the offer, “OPEC+” prepares to increase production, while the increasing commercial differences are threatened to drop demand, in the light of the weak consumption in China. Tamas Fraga, an analyst at the BMM Oil Associated Ltd., said economic data “will remain the most important engine of morale, and therefore for prices.” Market participants also evaluated the various geopolitical signals. US President Donald Trump pushed Iran to combat the Houthis and held Tehran responsible for the Yemenite armed group attacks. Meanwhile, Ukrainian President Volodimir Zellinski agreed to a proposal to stop strikes on Russian energy assets, as ceasefire in the Russian Cocraine War continued. The expiry of the expiry of the US crude contracts, the April Thursday delivery, contributed to the fluctuations during the trade session.
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