Oil prices fell during the trade but are still close to the high levels recorded during the week.

Prices were supported by investor optimism that demand for crude had recovered with support from the launch of the United States transportation summer driving season. Demand for gasoline in the United States increased to 9.5 million barrels per day and demand for distillation products increased.

Oil markets are monitoring Iran's negotiations on the nuclear agreement, as lifting sanctions on Tehran will bring Iranian oil back to the market.

Markets are also monitoring the OPEC meeting early next month, where the States participating in the production reduction agreement will examine conditions in the world oil market.

By 10:32 Moscow time, U.S. crude futures for "West Texas Intermediate" had declined by $ 0.42% to $ 65.93 per barrel.

Brent crude futures fell 0.44% to $68.46 per barrel

 

Locations

  • Address: United Kingdom

        1, Neil J Ireland, solicitor of

         25 Warwick Road -Coventry CV1 2EZ


  •   Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Castle Journal Group