Brent Oil, which rose to $ 70.17 yesterday, completed the oil price at the level of USD 69.60.
Brent oil price of the barrel, today at 09.47 p.m., rose by 0.14 percent compared to closing $ 69.70. At the same time, the West Texas Art (WTI) found buyers for $ 67.38 crude oil.
Oil prices found some support for positive expectations of oil demand in the United States, the country used worldwide.
The US Energy Information Administration (EIA) reported that petrol stocks in the country decreased by around 2 million 700,000 barrels last week. This situation points to the demand for strong fuel during the holiday season and support prices upwards.
On the other hand, the statements of US President Donald Trump are still the focus of the markets on customs tariffs and news flow. “Bric's anti -American policy is collected from every country in the same line with the anti -American policy of Brics. He said.
Trump also shared tariff letters for 7 new countries, including the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka. At the meeting where African leader Trump has guest, some countries in Africa reported that they had applied very high tariffs. Trump explained that they were reduced and said that 50 percent customs tasks are applied separately by all sectoral tariffs to Brazilian products.
While these developments sometimes put pressure on the global economy and thus oil demand, it further suppresses oil prices.
In addition, the US Federal Bank (FED) road have announced that most Fed officials are suitable for reducing political interest this year this year, and several officials were open to interest cuts in July.
Trump, truth of the social account in its parts, said the political interest rate was at least 3 points higher and asks the reduction in interest rates.
Technically speaking, Brente oil is 77.12 dollars, resistance, $ 63.01 as support.
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