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The oil market shows a moderate decline at the call for bids on Thursday as investors wait for data on changes in US fuel reserves and evaluate President Trump's critical remarks to the US. OPEC
. 19659003] The September futures price for Brent oil on the London Stock Exchange ICE Futures fell from $ 0.45 (0.58%) to $ 77.79 a barrel. On Wednesday, contracts increased from $ 0.48 (0.62%) to $ 78.24 a barrel. The WTI Oil futures price for the month of August at New York Mercantile Exchange (NYMEX) electronic transactions dropped $ 0.39 (0.53%) to $ 73.75 a barrel. WTI trades did not take place Wednesday due to a national holiday – the Independence Day of the United States
Oil prices are in the red zone after Trump in his Twitter said that OPEC is increasing gas prices and urged the organization to lower them. Earlier on Fox News, Trump said that OPEC is manipulating the oil market and must stop it. The US president also noted that OPEC is expected to increase production by 2 million barrels a day.
"The monopoly of OPEC should remember that gasoline prices rise and that they contribute little to the price increase.States protect a lot of their members for very little money, the actions must be reciprocal, lower prices immediately! – Trump on his Twitter page
During trading on Thursday, oil prices could be affected by data from the US MineGerog on commodity stocks in the country.Analysts believe that commercial stocks (excluding strategic reserves) for last week decreased by 5.2 million barrels, or 1.3% – to 411.4 million barrels.
At 09:15, in Kiev, the price of oil The Brent brand is set at 77 At $ 78 a barrel, when Brent traded at $ 78.03 a barrel, 21 cents less than the closing bid ($ 78.24).
Photo: image.inforesist.org
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