Oil prices fall amid anticipation of the results of commercial conversations

Oil prices have fallen with the anticipation of the market of the second day of trade talks between the United States and China. By August, Brent -Ru oil decreased by 17 cents to settle at $ 66.87, as well as the RU -West -Texas rough, dropped to nearly $ 65 a barrel, after rising by 1.5%earlier in the session. The US Secretary of Trade Howard Lootnick said the London negotiations are ‘fertile’. However, the talks have not yet led to a decisive progress and can extend to Night hours. The return of some Canadian oil sand production, which was stopped by fires, contributed to the decline in prices from the highest levels during the day. The pressure of the oil circulation during the past two months in an approximate range of $ 5, as the expectations of the summer question increased the impact of the global trade war and the “OPEC+” coalition decision by increasing production faster than expected. Meanwhile, the United States believes its domestic production of crude oil will fall for the first time since 2021, which is an obstacle to US President Donald Trump’s agenda to dominate the energy sector. As for the commodity consultants that can accelerate the rate of price movements, they liquidated the selling centers to become ‘neutral’ in both the ‘West Texas’ and ‘Brent’ contracts on Tuesday, according to the data of the ‘Brigiton Reservation Group’. The group pointed out that achieving extra profits from 2% to 3% can push these funds to move to net shopping centers in US oil for the first time since February. OPEC does not see a highlight of the demand for oil on his part, Haitham Al -Ghais, secretary general of the OPEC organization, said at a conference held in the Canadian city of Calgary, that the organization “saw no peak on the horizon regarding the demand for oil. Geopolitical level Mike Hackabi, the US Ambassador to Israel, said that Washington was the feasibility of establishing a Palestinian state, which is an important point of suspension in a number of united states and countries in the middle of the east. Nuclear deal.