Oil prices are rising amid the anticipation of US stock developments

Oil prices rose slightly after three days of losses, with traders following the levels of US stocks, and the latest developments in Washington’s commercial wars. Brent raised rose at $ 69 a barrel after losing more than 2% during the previous three sessions, while the West Texas West RAW settled about $ 67. The US government data published on Wednesday showed mixed results, as the inventory of distillation products increased, while rough stock dropped at national level. Trump is climbing commercial policies, US President Donald Trump said he would send messages to more than 150 countries to inform them about the rates of customs, and note that the fees imposed could reach 10% or 15%. Investors also continue his position on Federal Reserve President Jerome Powell after the US president denied a plan to isolate him from his post. Despite the fear that the Trump Dead Campaign will reduce demand, oil prices have risen this month and a bullish tendency that has begun since May continued. Anxiety remains in control of the market over the possibility of a later supply of vaccination this year, with the decline in summer question and the proceeds of “OPEC+” to provide quantities limited, but the short -term indicators, especially in the diesel market, still support prices. “The market is currently dealing with relatively low levels of crude and diesel shares in Europe and the United States, while diesel deficit prices support in the short term.” But he added that “the oil can return the prisoner when the growth of OPEC+ supplies leads to the accumulation of stocks.” In the United States, distillation products are still at the lowest seasonal level since 1996, despite the increase recorded last week. Meanwhile, the difference between low -sulfur gas oil contracts and ‘Brent’ crude for September, a measure of the profitability of diesel production, has risen by about 7% this month. In the Middle East, several oil fields in the Northern Kurdistan region in Kurdistan were subjected to attacks on Wednesday, in a new episode of the repeated target of oil businesses in the region. However, the region exports no amounts of oil to global markets, as the export pipeline was closed more than two years ago.