Oil increases slightly despite the ambiguity of financial expectations on fees
Oil prices have risen slightly in early trading on Monday, but have been affected by uncertainty about trade talks between the United States and China, which has global growth expectations and a shadow of fuel demand.
Brent Crude Futures 22 cents 24:29 GMT to Barrel to Barrel .0 67.09, and US West Texas Intermediate knot increased 24 cents to Barrel. Reached 63.26.
Two records rose to the third consecutive session.
CEO Michael McCarthi of the electronic trading platform in Australia “Momo” said: “Since traders are trading on sales centers before the OPEC plus growth since the May 5 meeting,” Momo “Momo” Momo “Momo.
The group is expected to increase oil production in the second month in a row when some members of the Organization of Oil export countries (OPEC) and its allies called “OPEC Plus” on May 5.
Excessions and fears about the impact of customs duties on the global economy fell by more than 1 percent last week by Brent Raw and West Texas Intermediate raw.
The market has seen sharp fluctuations due to US President Donald Trump and Beijing’s contradictory signs on the progress made to calm down the trade war of threats to reduce global growth.
“The players in the market are looking for progress in the trade war between the United States and China,” said Wandand Insights Foundation Vandana Harry.
In the latest comment from Washington, US Treasury Secretary Scott Besses did not support Trump on Sunday that negotiations with China were ongoing. Earlier, Beijing denied any discussions. Many participants in the International Monetary Fund and World Bank spring meetings said that the Trump administration was still affected by its comprehensive customs duties in its demands from its commercial partners.
Investors are monitoring nuclear talks between Iran and the United States, which will continue this week. Iran’s Foreign Minister Abbas Arakzi is still very careful about the success of the talks. ”
In Iran, a strong explosion in the port of Bandar Abbas, at least 40 people died and injured more than 1,200 people, according to official media on Sunday.
Senior officials of the Trump administration were forced to make progress in the peace deal after a bilateral meeting between Trump and Ukrainian President Volodimir Jellinsky a day ago by Russia and Ukraine.
