Oil prices stabilized three days after the profits, with the attention of the calming of the trade war between the United States and China, to developments in the Middle East. The Western Texas West Raw was traded above the $ 61 per barrel after it rose 1.5% in the previous session, while Brent -rough closed a bit of $ 65. Futures decreased from their highest levels during the weekend after President Donald Trump indicated with the elimination of expectations by eliminating expectations by expectations. Trump’s visit to the Golf begins Trump on Tuesday, his first foreign tour in his second presidential term, as Saudi Arabia, one of the most important leaders of the “OPEC+” coalition, will be his first stop. The coalition has decided to increase the production to punish members who are not committed to being agreed upon shares, which contributed to the decline in prices this year. Oil prices have dropped by more than 10% since Trump announced large -scale duties in early April, which led to retaliation from commercial partners, including China, which threatened economic growth and demand for fuel. Although the ceasefire between the world’s largest oil consumers provides some relief to the markets, the OPEC+production alliance will strengthen production at a meeting held on the first June, raising concerns about the possibility of a surplus in the offer during this year.
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