Oil prices are near the lowest level in two months, amid warnings of exhibitors

Oil prices stabilized near the lowest level in two months, after the international energy agency said the market is on its way to a record surplus next year. Brent -ruol was circulated near $ 66 a barrel, after closing at the lowest level since June 5, while Western Texas -Tussentage rough closed around $ 63. The agency’s monthly report showed that global shares would accumulate at a faster rate than the average increase in the year of the Corona in 2020. US sanctions on a member “OPEC+” reduced or tightened. Donald Trump warned against “very serious consequences” if Putin did not agree to a ceasefire after contacting European leaders. The prices have dropped as a result of the increase in supply, and oil has lost more than 10% since the beginning of the year, at a time when the OPEC+Alliance ended the voluntary discount that started in 2023. At the beginning of the week, the US government strengthened its expectations with a surplus in the offer in 2026, while the international energy agency increased its production of the Americas oil exports. US government data has shown that crude shares in the country rose by about 3 million barrels to the highest level in two months last week, and the inventory of distilts and supplies in the main storage center in Kussking, Oklahoma, has increased. The immediate price difference of ‘Brent’ RU, which is the difference between the two nearest decades, has decreased, suggesting that the market conditions have become less strict in the short term. This indicator, which has a wide succession, reached 49 cents a barrel with a low condition of about one dollar a month ago.