Oil prices have been in the midst of indicators about the fall in US supplies

Oil prices lasted after two days, amid indicators of US supplies low, at a time when the rain delayed the growth of some fires that stopped Canada’s production. Brent -Ruolie traded more than $ 65 a barrel after closing at its highest level in three weeks, while the West Texas established West ruol near $ 63. A person familiar with the data said the ‘American Petroleum Institute’ was a decline in shares of 3.28 million barrels last week, which would be, if confirmed by the upcoming official data, the biggest decline since March. One of the oil sand operators in Canada started a site again on Monday, after Forest Fires, at its peak, is about 7% of the country’s production, which is the fourth largest oil producer in the world. These fires offered oil supplies to vital US storage centers, reducing the impact of the supplies approved by the “OPEC+” Alliance. Trump doubles the fees on steel and aluminum, the oil rose earlier this week after “OPEC+” decided to increase production in accordance with the expectation, which preceded the fear of greater increases in the supply. However, prices are still 12% low since the beginning of the year, due to the decline in the coalition policy in defending prices by reducing production, as well as concerns that commercial wars in America could negatively affect demand. On the other hand, OECD reduced its forecast for global economic growth on Tuesday, with the United States suffering the greatest damage in the main countries. Meanwhile, President Donald Trump is moving forward in the implementation of customs duties, after signing a decision doubling the fees on steel and aluminum. Saudi Arabia achieved the production increases in OPEC last month, with the group starting a series of increases, according to a “Bloomberg” survey. However, the increase is less than the maximum that the Kingdom can add under similarities.

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