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The barrel reached Tuesday near the top of three and a half years higher than US $ 75.
Oil prices rose on Thursday and were near the three-and-a-half-year high, supported by the possibility of price changes. Crude supplies from Iran and the Middle East, despite new demands from President Donald Trump as the Organization of Petroleum Exporting Countries (OPEC) lower prices.
At 1225 GMT, Brent futures fell 2 cents to US $ 78.22 per barrel. In the United States, crude futures totaled US $ 0.28 to US $ 74.4, close to the three-and-a-half-year high of more than US $ 75.
On Wednesday, Trump again accused OPEC for raising fuel prices. The cartel, with external allies led by Russia, in 2017 pushed for a pact to reduce pumping to shore up the market.
Trump announcement about plans to reintroduce sanctions against Iran from November, especially against In June, OPEC and Russia declared their willingness to increase their production to offset the deficit resulting from unanticipated interruptions of oil activity in Venezuela and Libya, in addition to providing a senior commander of the Iran Revolutionary Guards said Wednesday that the guards are ready to implement a policy aimed at to prevent regional oil exports if the United States bans the sale of Iranian oil.
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