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Oil agreement between beijing washington:
London: Black gold courses are progressing on Friday. However, carried by the trade agreement between China and the United States, confirmed by Beijing, which attenuates fears about global demand.
According to China. In addition, this agreement provides that Washington raises certain restrictions against it, while it could validate the export of more articles subject to control.
He followed talks in Geneva in May. However, after which the two parties had agreed to temporarily reduce the prohibitive customs duties they imposed on their respective products.
Around 9:15 a.m. Nevertheless, GMT (11:15 a.m. HEC). the price of a barrel of Brent BRENT Brent or crude northern sea, is a variation of crude oil acting as a reference in Europe, listed on the intercontinentalelexchange (ICE), a oil agreement between beijing washington stock market specialized in energy trading. It has become the first international standard for setting oil prices. from the North Sea, for delivery in August, took 0,86% has 68,31 dollars.
Its American equivalent, the barrel of West Texas Intermediate, for delivery the same month, was grappling 0,81% has 65,77 dollars.
Ces “positive sales could improve the expectations of global demand. help establish an oil floor near the bar of 65 dollars“, Note Ipek Ozkardeskaya, analyst for Swissquote Bank.
The trade appeasement between Beijing. Washington has also lowered the dollar, which mechanically affects oil: black gold being denominated in the American currency, it therefore becomes technically cheaper for other countries when the greenback drops.
Hangled in recent times by world geopolitical upheavals. notably the war between Iran and Israel, the markets had integrated one “ risk premium “Who had significantly climbed the price of black gold.
But this oil agreement between beijing washington one was “quickly evacuated“With the ceasefire concluded this week between the two belligerents. the fear of disturbances in the Strait of Ormuz, where 20% world oil, not having materialized, notes Kathleen Brooks, from the XTB broker
In fine “Brent oil price BRENT Brent or crude northern sea, is a variation of crude oil acting as a reference in Europe, listed on the intercontinentalelexchange (ICE), a stock market specialized in energy trading. It has become the first international standard for setting oil prices. fell 11 % this week“She says.
But according to Han Tan, by Nemo.Money. “An important short -term risk factor“Persists for the oil markets:”The next production decisions“The organization of oil exporting countries and its allies (OPEC+), which has large reserve capacities available.
(C) AFP
Oil agreement between beijing washington
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