The barrel crude withdraws after two days of gains



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LONDON S.- The prices of oil fall for the first time in two days, after the United States announced that they were going to weigh any demand from its partners. be exempted from the sanctions it will impose in November to avoid Iran exports oil.

Washington warned countries that they should suspend all Iranian oil imports as of November 4, otherwise they would face financial measures, without waivers.

The United States withdrew from a multinational agreement in May to lift sanctions against Tehran in exchange for restrictions on its nuclear program.

Iran, OPEC's third largest oil producer, is facing US sanctions against its oil shipments, which leads some customers to cut back on their purchases.

The losses were greater for Brent, the European benchmark, as Libya National Oil's national oil company lifted supply restrictions and regained control of key ports, including Ras Lanuf and Es Sider, that they had fallen under the domination of a rival faction in the country politically broke.

The North Sea oil barrel Brent for delivery in September fell 2.12% to 77.17 dollars on the Intercontinental Petroleum Exchange (ICE) futures market in London.

Meanwhile, West Texas Intermediate (WTI) crude, a benchmark for the United States, for delivery in August also falls 1.12%, to be traded at $ 73.27 on the New York Mercantile Exchange.

On the other hand, prices also fell after US President Donald Trump stepped up a trade war with China, raising fears that global economic growth could be caught between two lights.

Proposed by the United States on Chinese products come into effect, tariffs will cover nearly half of all US imports from the Asian nation.

In addition to consumer goods such as clothing, televisions and refrigerators, the list includes petroleum products such as fuels, kerosene and naphtha

With the impending sanctions against Tehran and the interruptions of From Canada to Libya, prices have risen and have generated fears of shortages in the midst of rising demand.

US crude oil reserves fell 6.8 million barrels last week, according to data from the industrial group, the American Petroleum Institute.

With information from Reuters and Notimex.

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