Oil prices keep the market focus on US stocks

Oil prices stabilized after gaining profits, at a time when a report from the sector indicated a new increase in US crude shares. This comes in collaboration with the constant state of uncertainty about global supplies. Brent ruol was traded about $ 76 a barrel after a series of profits over a three -day period, while the West Texas reached RAW about $ 72. The US Petroleum Institute has reported an increase of 3.3 million barrels in commercial shares. This will be the fourth weekly increase in a row if the official data confirms it on Thursday. Oil prices have risen this week due to the fear of the scarcity of supplies, as the “OPEC+” coalition is expected to postpone the increase in production, and the export of Kazakhstan has decreased due to a blow for a Ukrainian driver on a more pump ceiling in Russian oil. However, traders calmed down after a turbulent start for the year, as the implicit volatility index fell, with the increasing indifference to the changes that US President Donald Trump wants to implement. Trump describes his Ukrainian counterpart as a ‘dictator’ and elsewhere, exports of this week could resume from the Kurdistan region of Iraq, although Turkey said it did not receive a notice of the resumption of the flow to ‘Jihan Port’. The pipelines go from the Kurdistan region of Iraq through Türkiye to send oil. Meanwhile, Trump described his Ukrainian counterpart, Volodimir Zellinski, as a ‘dictator’, which increased the fear of an agreement to end the three -year war with Russia, without the participation of Kiev. Any peace agreement can affect the Russian oil topic. “There is still a lot of uncertainty in the oil market, with no prominent trend,” says Sean Lim, an RHB Bank analyst in Kuala Lumpur. The bank expects the average price of ‘Brent’ crude oil to reach $ 75 a barrel this year.