Iraqi offer and Trump policy pressure on oil prices

Oil prices have stabilized after a decline, with the increasing possibilities of increasing the offer from Iraq, amid the market’s focus also on the efforts of US President Donald Trump to end the three -year war in Ukraine. The world’s world standard “Brent” ruol has established more than $ 74 a barrel after it landed 3% on Friday, while the US Western Texas -Ru oil was short for the opening of the trade. An Iraqi Deputy Minister said the country sent 185 thousand barrels a day of the Kurdistan region of oil, as the pipeline that joins the Turkish port of Jihan resumes its operations. A timetable has not yet been determined for that. Ukrainian President Folodimir Zellinski has indicated his willingness that he is willing to retire if it guarantees peace for his country. Trump called on Ukraine to hold elections and talk to Russia. The settlement with Moscow can pave the way to reduce the sanctions, which can increase export flow. Oil has been witnessed from the beginning of a turbulent year, which has seen a turbulent start of this year, with the loss of prices for all its profits so far. The decline came at a time when Trump’s multiple tariff actions influenced the prospects of global growth, expanded the US shares, and the concerns continued on poor Chinese demand. At the same time, the market standards in the near time indicate less strict physical conditions. “There are many questions,” says Chris Weston, head of research with the group ‘person’. He added that crude oil with a lot of uncertainty is likely to obtain its signals from economic data, including the United States released this week. The immediate difference in Western Texas -Intermediate RU – The difference between its two nearest decades – has shrunk in recent weeks, indicating a less powerful market. The gap was 17 cents a barrel on Monday, about a quarter of the difference a month ago. With the decline of the market, the OPEC+Alliance is widespread to postpone the postponement of limited production repetition plans, with the possibility of global markets to confront a possible surplus in the offer. More than 70% of traders and analysts included in the “Bloomberg” survey expect the coalition to postpone the first series of monthly increases in April.