Tarkers in the oil market are less optimistic about high prices

The hedge funds became less optimistic about the prospects of crude oil, and their clear upward bubbles have diminished, in another reference to the decline in the market momentum. The net shopping centers of the Western Texas -Tussentage rough for the fourth week have dropped to the lowest level since October. The net shopping centers in Brent ruol have fallen at the biggest rate since December to record the third decline in a row. These moves came as a result of the decline in purchasing centers, as well as an increase in sales centers, according to the data of the “Intercontinental Stock Exchange for Future Contracts Europe, and the Future Contract Committee for US Basic Commodities. Ukraine can affect the dynamics of the market. Definition fears Warren Patterson, head of the basic commodity strategy in the Ing group, said: “The latest information of negative morale recently reflects,” note the concerns about trade and customs tariffs, in addition to the attempts to reach an agreement between Russia and Ukraine. Meanwhile, the number of open contracts has decreased without a settlement of US crude oil and remains near the lowest level in about three months, even after a slight increase. Investors are out of the oil market, as the large number of executive orders issued by US President Donald Trump confused the customers and did not make sure about the market direction.