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LONDON – Oil prices dropped on Thursday after coming close to peak levels of three-and-a-half years, in response to a tweet sent by the US president, Donald Trump, where he asks the OPEC to cut oil prices.
"The monopoly of l at the OPEC must remember that gas prices rise and do nothing to help," said the US president on his Twitter account official.
"In any case, they raise the highest prices because the United States defends many of their members for very little dollars, it must be a two-way street REDUCING PRICES NOW!" Trump says.
In this context, the Brent barrel contract for the North Sea for delivery in September falls by 0.33% to $ 77.94 a barrel traded on the futures contracts of the 39; Intercontinental Petroleum Exchange (ICE) London.
Meanwhile, the West Texas Intermediate gross (WT I), reference to the United States, for a delivery down 0.3% in August, should be quoted at $ 73.92 .
Previously, contracts showed an upward trend in the face of the possibility of changes in crude supplies from Iran and the Middle East.
The OPEC began with a group of non-cartel producers, led by Russia. keep production in 2017 to support prices.
The recent price hikes were also boosted by Trump's announcement to reintroduce sanctions against Iran from November, which will also target its oil industry, said the National Australia Bank (NAB ) in its forecasts. of July.
"A key factor in rising prices has been the agreement between OPEC and Russia to reduce oil production, compounded by the collapse of Venezuelan production and the decision of the states United States to close the agreement with Iran ". .
OPEC and Russia announced in June that they were willing to increase production to address concerns about the shortage of emerging supplies due to unexpected breakdowns in Venezuela and Libya, as well 39 to a possible decline in Iranian supplies.
US crude oil production has increased by 30% in the last two years to reach 10.9 million barrels per day. This means that only three countries, Russia, the United States and Saudi Arabia, satisfy a third of the world's demand for oil.
In June, OPEC and Russia declared their willingness to increase production to offset a deficit resulting from unanticipated interruptions of oil activity in Venezuela and Libya, in addition to providing a supply Iranian least for US sanctions.
A senior commander of Iran's Revolutionary Guards said Wednesday that guards are ready to put in place a policy to prevent regional oil exports if the US bans the sale of Iranian oil.
With information from Notimex and Bloomberg
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