Oil prices are on their way to record the biggest monthly loss since 2022

Oil prices recorded a slight increase after a volatile week, while clients analyzed the latest signals in the trade war, and prepared for the details of China’s plans to support its economy and geopolitical developments in Iran. Brent rough rose more than $ 67 a barrel after falling 1.6% last week, while the West Texas are the mediator, near $ 63. US Treasury Secretary Scott Besent told ABC News that talks continue with US trading partners, adding that “some of these conversations are progressing very well, especially with Asian countries.” In China, the largest importer of crude oil in the world and the economy exposed to most US fees, officials plan to hold a press conference later on Monday to announce procedures aimed at stabilizing work and ensuring stable growth. The largest monthly oil loss since 2022 is on its way to scoring the biggest monthly loss since 2022, after it has become its lowest level in four years. Characteristics in fears are taxed that the US trade war will suffocate economic activity and harm the demand for energy. The decision of the OPEC+coalition to improve the increase in the stop of production has also deepened negative feelings on the market over supplies. The coalition is scheduled to meet on May 5 to discuss production plans for June. He held Iran’s talks at Geopolitical Level, the United States and Iran reported indications of progress on talks on an agreement on Tehran’s nuclear program, and they agreed to hold another meeting in Europe. In a separate development, an explosion took place on Saturday in the Iranian port of Rajai, dozens of victims. This port is an important center in the street of Hormuz, an important course for the global oil trade. Tips of additional sanctions against Russia, and Ukrainian President Foludmir Zellinski held an individual meeting with US President Donald Trump. After the meeting, Trump said his Russian counterpart, Vladimir Putin, could be postponed to end the war, suggesting that the imposition of additional sanctions may be needed.