The Barrel Prize for Brent oil rose to $ 69.59 on Friday for USD 69.27.
The barrel price for brent oil was $ 69.25 with a decrease of 0.02 percent compared to the end of 09.36. At the same time, the West Texas types (WTI) found buyers for 66.80 US dollars of crude oil.
The oil prices, the Opec+ group in September 547 thousand barrel production in September, and the expectations of the weak interest rate reductions to the US employment data.
Increasing expectations for interest rate reduction with the weakness of employment data in the United States and the voltage with Russia limited losses by deepening the uncertainties on the markets.
Opec+, the Opec) and its partners Opec+have added a new step to increase production to regain its global market share.
Yesterday, from September, daily oil production will be increased by 547 thousand barrels. This decision was made for reasons of low stock levels and the strong economic data.
Despite the positive production decisions, the markets continue their careful course due to increasing uncertainties about the US economy and geopolitical risks.
At the same time, the weak employment data announced on August 1 strengthened the expectation that the US Federal Bank (FED) would make interest rate cuts in September.
It is planned that high interest rates strengthen the dollar and reduce oil demand and suppress prices. The fact that the Fed President of US President Donald Trump aimed against the demand for the independence of the Fed against the demand for interest.
The tension and the atomic sub -mariner result between Trump and the former Russian President Dimitri Medwedev increased the security of supply.
In addition, there is concern that the US sanctions against Russia can disrupt the oil shipment, limited the price decline.
Technically speaking, Brente oil from USD 71.94, resistance, $ 66.63 can be followed as a support level.
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