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London . Brent crude prices fell to their lowest level in three months on Tuesday, as interruptions in supply flows sparked fewer concerns, which led investors to focus on the price of oil and gas. increase in oil production and the potential effect of the dispute. Trade between the United States and China
At 1120 GMT, Brent fell 0.45% to 72.16 US dollars per barrel, a low intraday close to its lowest level since 17 April. Monday, the benchmark North Sea index decreased by 4.6%.
US light crude oil futures contracts rose 0.19 percent to US $ 68.19 per barrel, after declining 4.2 percent this year. Monday
"The perception of the oil market seems to be changing," said Carsten Menke, commodity badyst at Swiss bank Julius Baer. "The fear of a shortage, which has pushed prices up to $ 80 a barrel in the early summer, is declining and worries a surplus," he said.
"The fear of a shortage Prices up to $ 80 a barrel in early summer are receding and there are concerns about a surplus" Carsten Menke said.
Oil prices fell by more than 10% last week, as Libya's oil export terminals are put back into service and after increasing shipments from the countries of the country. 39, OPEC and allies like Russia.
Production in the seven major shale oil formations in the United States will increase by 143,000 barrels per day (bpd) to record a record 7.47 million bpd in August, according to figures released Monday by the Government Energy Information Administration (EIA).
It continues to grow in the seven shale formations of the United States, and all but the Appalachian region already have maximum levels of extraction.
Another factor that drives down prices is the growing concern over the US trade war. and its major allies, especially China, which could hurt global economic activity and, as a result, reduce global demand for crude oil.
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