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Oil fell in London and rose Friday in New York in a restive market for fear of the consequences of the Sino-US trade war and the future of Iranian exports.
in September, it closed at 77.11 dollars on the London market after yielding 28 cents.
On the other hand, a barrel of light sweet crude (WTI) for August gained 86 cents in New York and remained at 73.80 dollars. 19659002] The United States and China have embarked on a trade war by mutually imposing reciprocal tariff measures and the market is worried about the effect of this conflict on demand. "It would seem that in the short term this would have little consequence," said Phil Flynn. Group of futures contracts on prices.
On the other hand, prices could rise if Hurricane Beryl, which is expected to occur in the coming days in the Gulf of Mexico, harms the oil exploitation of this oil-rich region
. "Prices gave way to the first transactions when Europeans, Russia and China affirmed their willingness to allow Iran to" continue "to export oil and gas.
Washington demanded that the world stop supplying Iran in November, after the White House again imposed sanctions on Tehran for its nuclear program and its alleged destabilizing role in the Middle East.
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