Oil prices keep focusing on trade conversations and "OPEC+meetings"

Oil prices have stabilized in light of marketing the markets for the possibility of alleviating trade tensions between the European Union and the United States, before the upcoming “OPEC+” meeting, which will make a decision on supply policy. Brent Ru was traded below $ 65 a barrel, after a quiet session Monday due to holidays in London and New York, while the mediator was reduced from Western Texas near $ 61. The European Union has agreed to accelerate trade negotiations with the United States, a few days after President Donald Trump. The customs of customs imposed by Trump, and the retaliation measures of the countries involved, including China, have caused world markets. Since mid -January, oil prices tend to decline due to the fear of the effects of trade tensions, as well as “OPEC+” efforts to restore the suspended supplies, which have formed extra winds. “The long -term trend of crude oil is still standing,” says Zhu May, an analyst at a research institute for “chaos turnari futures”. He added: “On the side of the offer, Opec+ is moving towards reducing production restrictions, and from the point of demand, the global economy is under pressure from customs duties.” The “OPEC+” Alliance has decided to submit a video meeting date to determine the productions for the month of July on May 31, that is, a day before the date, according to what “Bloomberg” quoted two delegates familiar with the case. The coalition had provisional talks last week to increase the possibility of production.