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Oil futures lost their prior gains in New York after the announcement by US President Donald Trampe to CNBC that it was "ready to go" with $ 500 billion worth of goods imported from China, according to the agency "Blumberg". Previously, the price of crude oil was strengthened because Saudi Arabia, in response to pressure from Tramp to drive hail, said that this month would continue to deliver at the same level and that in August it would reduce them by 100,000 barrels a day.
This is the kingdom's answer, as New York adds the agency, in contrast to the signals given shortly after the Organization of Petroleum Exporting Countries (OPEC) last month, when it was said Saudi production policy people plan a record production of 10.8 million barrels a day.
The WTI oil to be delivered in August, whose contract expires today, remained at the same level of $ 69.54 a barrel on the New York Stock Exchange at 11:45 am in the afternoon. WTI oil fell 2.1% this week
The total volume of transactions was about 21% lower than the 100-day average. The price of US oil, in a much more active contract for September, dropped 0.4 percent to $ 67.95.
Severstal oil "Brent" for delivery in September also remained today at $ 72.57 on the London Stock Exchange ICE Fjučers Europe, after the fall of 32 cents yesterday. Brent fell 3.7% on a weekly basis.
The price of "black gold" fell 6.0% this month, escalating the US-Chinese trade dispute that shook the global financial markets.
was also helped by interrupted production renewal in Libya, as well as US signals that it could show some flexibility in terms of sanctions on Iranian oil. This has caused a headache in the US market because of the promised extra deliveries from Saudi Arabia that are not yet needed.
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