Oil takes off for the second day with the anticipation of the "OPEC+" decision on production

Oil prices have dropped for the second consecutive day to approach their lowest levels since the beginning of June, with the concentration of the volume of the possible increase in the production of the “OPEC+” coalition during the weekend. Brent -Ruolie traded below $ 67 a barrel, while the mediator cloud of West Texas approached $ 65. The coalition is expected to agree to the fourth monthly increase in the offer at the meeting planned on Sunday, according to a “Bloomberg” poll, at a time when it continues to restore the share in the global market. Westpac Banking Corp said that the coalition is likely to recognize an increase in the shares with 411 thousand barrels a day during this week, with the possibility of approving an extra increase in the next month. He added: “As we enter the third quarter and then, we see an increasing risks,” note that prices can test the $ 60 a barrel level. The focus on the basics of the market recorded 10% losses over the past quarter, amid three months characterized, and a sharp decline in April after US President Donald Trump announced new Customs duties, followed by a June attack on Iran, before the profits disappeared with a decline in tension. The market concentration is currently due to the basics of supply and demand, as continued commercial negotiations and increased “OPEC+” production are the most important engines in the short term. The best customs duties should be affected on July 9 at dozens of United States’ largest trading partners. Trump has threatened to impose new fees on Tokyo, and pointed out her apparent rejection of the import of American rice.