Nevertheless,
Price oil decreases deadline new new:
Oil prices are continuing their decline on Tuesday. Nevertheless, after starting the week in slight withdrawal, sealed by the customs threat of Donald Trump which weighs on many countries and must take effect on August 1.
The deadline of August 1 is approaching in order to conclude a trade agreement with Washington for the many countries. For example, threatened by these taxes on their exports.
“Current weakness (oil prices. Moreover, Editor’s note) reflects increasing concerns concerning global demand” of black gold, in the context of climbing trade tensions between the United States and its business partners, including the European Union, explains Derren Nathan, analyst at Hargreaves Lansdown.
Around 9:25 am GMT (11:25 am in Paris). the price of the Brent of the Brent of the North Sea, for delivery in September, fell from 1.03% to 68.50 dollars.
Its American equivalent. the barrel of West Texas Intermediate, for price oil decreases deadline new new delivery in August, of which it is the last day of rating, lost 1.09% to 66.47 dollars.
The prices of crude “have remained moderate so far this summer. which generally corresponds to a peak in demand,” said Kathleen Brooks, analyst at XTB, suggesting “that as demand decreases when approaching autumn, oil prices could be downward pressures”.
The increase in production quotas carried out by Saudi Arabia. seven other members of the organization of oil exporting countries and its allies (OPEC+) also leads the courses, with an overly abundant risk of supply once the summer period has passed.
But for John Evans of PVM. “it is premature” to forget the risk that weighs on the supply of black gold from the Middle East. “The reasons why oil prices increased after Hamas’ attack against Israel on October 7, 2023 are still relevant,” said the analyst.
On the oil market. the main risk remains the blocking by price oil decreases deadline new new Iran of the Strait of Ormuz by which passing nearly 20% of barrels around the world, and which was at the heart of the concerns during the conflict between Iran and Israel in June.
Before talks scheduled Friday in Istanbul with France. the United Kingdom and Germany, the Minister of Foreign Affairs warned that Iran did not intend to give up the enrichment of uranium.
On his Truth Social network. Donald Trump immediately reiterated his threat to bomb Iran again if he resumed his enrichment program.
Price oil decreases deadline new new
Further reading: The legendary Coca-Cola recipe changed… thanks to Trump? – The first images of the new Dacia Sandero hybrid in broad daylight! – The profits of Netflix jump thanks to the price increases of subscriptions: News – A rally led by southern Korea traders – Massive reminder of more than 5 million swimming pools after the death of nine children.
