Oil prices rise after America has lowered its expectations for the surplus of supply

Oil prices continued their profits as the United States lowered its expectations across the global supply surplus, to similar movements by other market monitors, including the ‘International Energy Agency’. Brent raised rose to about $ 70 a barrel on Tuesday to modest profits, while the mediator cloud of Western Texas approached $ 67. The Energy Information Administration reduced its expectations for the surplus of the offer this year and reduced the expectations of the excess of the offer in 2026 to half, and noticed the possibility of low flow of Iran and Venezuela. The increase in commercial shares in America regained early losses on Tuesday, despite the threat of US President Donald Trump’s policy to extend the decline in dangerous assets. Futures has decreased from their highest level in mid -January, due to the chaotic supply of customs duties, at a time when “OPEC+” intends to increase production, in collaboration with the request of the demand in China. In a related context, the US Petroleum Institute, funded by the industry, reported that US stocks in the United States increased by 4.2 million barrels last week, although a significant clouds in the coast storage center, Oklahoma. This will be the first decrease at the West Texas delivery point in five weeks, if it is confirmed by official data later Wednesday. Geopolitical fears remain predominant on the market, as Ukraine accepted an American 30 -day proposal with Russia, increasing the possibility of hostilities in the three -year war in the war. Meanwhile, Iran -backed Houthi’s said in Yemen that they would resume attacks on Israeli ships immediately in about two months.