A slight rise in oil prices after Trump expanded the suspension of fees on China

Oil prices rose slightly after US President Donald Trump expanded the suspension of high US customs duties on China, strengthening optimism to improve trade relations between the two largest economies in the world. Brent -ruol was traded near $ 67 a barrel, but he stayed near his lowest levels in two months, while the Ru -West -Texas -Tussentage rough after a quiet session was established on Monday near $ 64. Trump signed an order to expand the commercial ceasefire with China until November 10, and postpone the rise in the fees that would be scheduled on Tuesday. Oil has fallen by more than 10% since the beginning of the year, in light of the traders who deal with the possibility of a surplus in the offer, in a time of the “OPEC+” alliance of supplies in 2023, amid indications of the slowdown of economic growth, which threatens demand. The dealers’ attention will be held at the meeting to be held between Trump and Russian President Vladimir Putin, looking for indications of the possibility of softening the sanctions against the oil state, although the US president on Monday, the expectation of ending an agreement until the end of the war in Ukraine. “I expect crude oil to remain within a specific trading scope until Friday’s meeting, but it will probably have a little downward pressure,” said Vandana Harry, Fandan Insights Foundation for oil markets. The total Brent -Ru trading volume has dropped to the lowest level since the beginning of July, which is much lower than the daily average, suggesting that the traders are careful about more clarity on expectations. It is scheduled to later Tuesday, monthly reports of the ‘organization of oil exporting countries’ (OPEC) and the US Department of Energy, which can help to clarify the balance of supply and demand.