International oil prices are falling

CITY OF MEXICO (Expansion) –

Oil prices fell on Monday pushing Brent's barrel to its lowest level in three months after reopening terminals in Libya and expectations of a more important offer from Russia and other countries

Lee: distressed American oil sales for the trade war with China .

West Texas Intermediate light oil (WTI listed in New York) for delivery in August fell 4.22% to 68.01 dollars per barrel (dbp) while Brent North Sea (quoted in London) for delivery in September fell 4.62% to 71.825 bps, according to Bloomberg .

Lee: Barclays raised his outlook for oil prices in 2019 .

Supply disruptions in Libya, a labor dispute in Norway and social unrest in Iraq have pushed oil up since last week.

It took a short time Friday's earnings arrest, while the specter of increased production in Saudi Arabia, Russia and the United States holds the attention now that Libyan ports seem to reopen, "said Jim Ritterbusch, president of Ritterbusch and Associates, 19659004] Futures contracts have also been affected by reports indicating that Washington could sell crude oil from its strategic oil reserve, which would increase oil prices.

Russian President Vladimir Putin proposed on Monday his counterpart The United States Donald Trump are working together on the regulation of gas and shale oil markets. "We could work constructively to regulate international markets, because we are not interested in an extreme drop in prices, "Putin said at oil and shale gas at a joint press conference with Trump after a historic meeting in Helsinki. [19659004] Among the major countries with the largest oil and shale gas deposits (unconventional) are Argentina, Russia, the United States and China

Markets

The Mexican Stock Exchange (BMV) investors are taking positions in the expectation of the presentation of the company's results for the second quarter in the coming days.

The index of prices and quotations (S & P / BMV CPI), which brings together the 35 most liquid issuers on the market, rose 0.12% to 48,464 units.

This week, quarterly reports are expected from América Móvil, the Alfa conglomerate, the Arca Continental bottler, the Alsea restaurant chain and the Volaris airline, among others.

On Wall Street, the major indices they closed mixed and offset the rise in the financial sector after Bank of America earnings bolstered expectations of a strong earnings season.

The Dow Jones Industrial Average closed with an increase of 0.18% to 25,064 units, Nasdaq technology from 0.26% to 7,805 units and the S & P 500 lost 0.10% to 2,798 units .