The oil is decreasing amid expectations of the American nuclear agreement
In early trading, oil prices fell nearly dollars on Thursday, amidst the expectations of the American -Iranian nuclear agreement, the unexpected increase in US crude oil reserves, last week and surplus supply.
Brent crude futures fell 88 cents or 1.3 percent, 00:55 GMT barrel per barrel. US West Texas Intermediate Raw Futures fell 92 cents or 1.5 percent to $ 62.23.
The two records lost 0.8 percent on Wednesday.
In an interview published on Wednesday, Iran’s officer said that Iran was ready to accept an agreement with the United States instead of lifting Iran’s financial sanctions.
“The nuclear deal between the United States and Iran has reduced the recent tough US sanctions on Iran, which reduces new sales that reduces global balance between crude oil supply and demand.”
Saudi Foreign Minister Prince Faisal bin Farhan al -Saud said on Wednesday that the Saudi Arabian state is supporting the American -Iranian nuclear negotiations and hopes to achieve positive results.
After imposing sanctions, on Tuesday, about 20 companies in one network have been sending Iranian oil to China for a long time, “Washington said on Wednesday that Washington had imposed Iran’s efforts to create parts of Ballistic missiles.
Sanctions came after the fourth round of American -Iranian talks in Oman; To resolve disputes over the Iran nuclear program.
OPEC and its allies are known as OPEC Plus, although OPEC has been reduced, its expectations for oil supply growth from Wednesday, this year’s wide OPEC Plus Group this year.
Meanwhile, the data from the Energy Information Administration has shown an increase of 3.5 million barrels in the week ended May 9, compared to analysts’ estimates at the Reuters Poll due to decrease in 1.1 million barrels. The data of the “American Petroleum Institute” has increased significantly in crude oil stocks last week, according to sources in the market on Tuesday.
