The semi-stable farm oil ignoring Trump's jig

The oil futures have virtually ceased Thursday after recovering from their worst losses during the session as US President Donald Trump had asked OPEC to increase crude oil production in order to reduce prices, which record their biggest quarterly gain in 10 years.

Futures were the lowest in the session after Trump's immediate comments, but they then surpassed their levels before the US president joked.

WTI futures contracts fell 11 cents to $ 59.30 per barrel.

Previously, the contract had dropped to 58.20 dollars a barrel after Trump's tirade, claiming that "it is very important that OPEC increases the flow of oil", in light of the fragility of global markets.

Futures futures on Brent fell 1 cent to $ 67.82 a barrel, after falling earlier to $ 66.54 a barrel.

Oil prices have risen by more than 25% this year and WTI is expected to record its largest increase for the first quarter since 2002. The benchmark will head for the biggest quarterly increase since 2009, mainly because of the measures taken. by the OPEC and its allies such as Russia to reduce production.

OPEC and its allies, under what is known as OPEC +, have agreed to cut their output by 1.2 million barrels a day from the beginning of this year.

Doubts about the sustainability of the agreement led by OPEC, said three knowledgeable sources, said that Saudi Arabia was struggling to persuade Russia to stay longer in the contract, and that Moscow could not accept an extension of three months.