Oil prices are rising in the midst of twice the dollar and uncertainty over supplies
Oil prices have continued a series of marginal profits, amid uncertainty over global supplies and the fall in the dollar, which made the commodities more attractive in the currency. The price of “Brent” Raw, April delivery, rose 0.6% to vest at $ 76.48, while the Ru -West -Texas traded more than $ 72 a barrel. Raw prices have risen for three consecutive sessions, amid the possibility of low supplies after a large Kazakhi pipeline is disrupted, and reports that “OPEC+” tends to postpone the increased stock supplies. Despite the tranquil trading after a turbulent start for this year, investors who liquidate their positions in the SO -Nital immediate difference -the difference between the two nearest decades -for the intermediate “Western Texas” ruol before the termination of the contract. The difference in the structural structure of the Contango (the term means that future contract prices are higher than immediate prices) in recent days. However, prices remain limited to the narrow scope of this month, with the increasing warning of the market for the group of changes that US President Donald Trump wants to implement. The decrease in oil fluctuations, analysts in “Royal Bank of Canada”, including Brian Lesen, wrote in a note: “The prices are likely to stay bound by the scope, and continue to move with the most important news,” they added: “With more time without a big incentive for the market,” traders tend to bring their positions closer to the average. In the United States, government figures showed that commercial oil supplies grew by 4.63 million barrels last week, which is the fourth consecutive consecutive, and greater than the expectations of an industrial group and ‘Bloomberg’. Petrol futures increased after the report, based on indications that refineries turned their car fuel operations, to produce more diesel that is increasingly demanded as a result of cold weather in the United States. The most active petrol futures increased by 0.9%, wiping out previous losses.