Furthermore,
Oil prices drop 6 % new:
Oil prices sold 6 % on Tuesday. Nevertheless. Similarly, reaching their lowest level for two weeks, the markets anticipating that the truce between Israel and Iran will reduce the risk of disruption of oil supply in the Middle East.
However. Therefore. In addition, this truce remains fragile, American president Donald Trump accusing Israel and Iran of having raped her, just hours after his announcement.
Brent -to -term contracts fell by $ 4.34, or 6.1 %, to end at $ 67.14 per barrel. In addition, The American crude West Texas Intermediate (WTI) lost $ 4.14, or 6.0 %, to finish at $ 64.37. For example,
This is the lowest level of closing for Brent since June 10. Moreover, for WTI since June 5, before the surprise attack of Israel against Iranian key military and nuclear installations on June 13.
“The geopolitical oil prices drop 6 % new risk premium accumulated oil prices drop 6 % new since the first Israeli strike against Iran almost. For example, two weeks ago has completely disappeared. ” analyzes Tamas Varga, principal analyst at TP Icap’s PVM Oil Associates, brokerage and advice company.
On Monday, the two contracts had already finished down more than 7 %. They had previously reached heights over five months after the American attack on Iranian nuclear installations over the weekend.
The direct involvement of the United States in the conflict had worried investors about the security of the Strait. of Ormuz. a narrow maritime passage between Iran. Oman, by which pass between 18 and 19 million barrels of crude and petroleum products, almost a fifth of world consumption each day.
Prices also fell after Donald Trump said China. the world’s leading importer of oil, could continue to buy oil in Iran.
On the offer of the offer. oil prices drop 6 % new the state company Kazakhe Kazmunaygaz raised its production forecasts for oil prices drop 6 % new the Tengiz deposit. operated by Chevron, at 35.7 million metric tonnes in 2025 against 34.8 million previously awaited.
Kazakhstan is part of the OPEC+Alliance, which brings together the organization of oil exporting countries (OPEC) and its allies. Several other OPEC+ members have also increased their production.
In Guyana. oil production reached 667. 000 barrels per day in May, against 611,000 in April, brought by the increase in production on two of the three sites operated by the American Exxon Mobil.
US economy. petroleum stocks
Another factor weighing on prices: the confidence of American consumers. which has deteriorated unexpectedly in June, households are increasingly worried about employment and economic uncertainty linked to customs tariffs imposed by Donald Trump.
The president of the New York Federal Reserve. John Williams. has planned slower growth and higher inflation this oil prices drop 6 % new year, largely because of customs duties, suggesting that it was not in a hurry to lower interest oil prices drop 6 % new rates, a measure likely to stimulate economic growth and petroleum demand.
The American Petroleum Institute (API). the American Energy Information Agency (EIA) had to publish their data on petroleum stocks in the United States. [EIA/S] [API/S]
Analysts believe that companies in the sector have drawn around 0.8 million barrels from American stocks during the week completed on June 20.
If this is confirmed. it would be the first time since January that companies have drawn from the reserves five consecutive weeks. Last year at the same period, stocks increased by 3.6 million barrels, compared to an average drop of 2.5 million over the last five years (2020-2024).
The API publishes its figures on Tuesday and EIA on Wednesday.
Oil prices drop 6 % new
Oil prices drop 6 oil prices drop 6 % new % new
Further reading: Donald Trump describes Iran’. s response to an American base in Qatar as “very weak” and assures that Tehran had warned the United States – Back with “Le Grand Déplacement”, Jean-Pascal Zadi confides – Live updates: Israel-Iran conflict, European powers seek to revive diplomacy as Trump delays decision – Trump criticisms vis-à-vis Obama’s policy towards Iran are surfaced and amuse the canvas (video) – Northeast of Ukraine | Russian strikes give three dead.
Further reading: “I was 19 years old you 24”: this couple of French actors never left, after a special moment in a staircase in Paris – “I feel the caress of fire”: the oncopole launches its summer tube to alert on skin cancers – National Day: Quebec pride in its peak (photos) – Emilien eliminated, Jean-Luc Reichmann confirms and gets angry with leaks, “I don’t understand …” – The Israeli army says it has destroyed “more than half” of Iranian missile launchers, people arrested for espionage in Tehran. Find the information from June 13 to 20.
