Oil prices are slightly less than the highest level in 3 months

Oil prices fell slightly from their highest levels in 3 months, despite demand demand in the broader market. Brent -ruol was traded near $ 76.32 per barrel, a decrease of 0.25% after being recorded its highest level since Monday, Monday, on October 14. The Asian shares varied from its part after Wall Street broke a five -day loss series. The prices of both two years rose last week for 100 days above their moving average, which asked her to get out of the narrow series in which she has traveled since mid -October. Traders will now look forward to Saudi Arabia’s statement of its rough prices formally, after the prices of some types of Middle East have been reinforced, thanks to the strong demand of Asian refineries, due to the scarcity of Iran and Russia oil in the markets, and the increase in their cost. Warren Patterson, head of the basic commodity strategy at the Ing group, said that oil prices “looked like in the Middle East market”, where Dubai’s materials are sold at a higher price of ‘Brent’ RU. He added: “Pay the low flow of Iran and Russia, Asian buyers to look for alternatives.” Analysts in ‘Morgan Stanley’, including Martin Ratis, suggested that the analysts in a memorandum expect a surplus in the offer of approximately 700 thousand barrels per day on January 5, with the superiority of ‘OPEC+’ and producers from outside the alliance on the growth of demand. There are many different factors in the oil market, as expectations can be put under pressure through the supply, the possible revival of some stopping of “OPEC+”, and the poor demand of China, the largest importer, to introduce prices. On the other hand, geopolitical uncertainty and the inability to predict the effects of Donald Trump’s return to the White House in the oil market can offer prices for prices.