Oil deepens its losses with the markets focus on America's commercial conversations

Oil fell slightly for the fourth consecutive day, while investors followed the development of Customs talks in America and watched the shares of shares released later Wednesday. Brent -ruol was circulated near the $ 68 per barrel level, at a time when US President Donald Trump unveiled agreements with Japan and Philippines, while the European Union plans to respond quickly to the imposition of customs duties with 30% on US commodities worth of billions of dollars, if an agreement is not reached. The US Treasury Secretary Scott Besent revealed that he will discuss the expansion of the commercial ceasefire with China next week during the upcoming talks in Stockholm, which indicates that the discussions may now include a broader spectrum of issues, including the continued purchases of Russia and Iran, despite the sanctions. Meanwhile, the US market data has reported that crude shares in the United States have decreased slightly last week, while distillation products have increased. Official data will be released later today, Wednesday. The rough was distributed within a relatively narrow scope during the month, after fluctuations in June to the tension between Israel and Iran. Brent ruol has been 8% low since the beginning of the year, amid fear that Trump’s trade war will lead to consumption, at a time when “OPEC+” production will increase. Onyx Capital Group, the head of the research department at “Onyx Capital Group”, warned that “we are near the date of August, the final deadline for applying mutual US fees.” He added: “The Japan agreement has been completed, and now the question of whether a similar agreement can be reached quickly with the European Union.”