Oil prices fall amid focus on the results of the talks between Iran and America

Oil prices have dropped with continued concern in the markets regarding the impact of the US trade war on the global energy demand, at a time when investors monitor the talks between Washington and Tehran on its nuclear program. The world’s world record “Brent” ruol dropped by more than 1% to approach $ 67 a barrel, which ended two days later, while the “Western Texas” ruol was traded under $ 64. The markets are awaiting data this week, showing how US President Donald Trump’s commercial policy affects its country’s economy, which could provide a new trend for prices. Iranian Foreign Minister said his country reached a ‘better understanding’ with the United States on a number of principles during talks on Saturday about the nuclear program in Tehran. Discussions lasted for more than three hours and will resume on Wednesday in Oman’s sultanate. It is possible for any agreement or dispute that it affects the offer of Iranian RU to the markets. The fear of the consequences of Trump -doen fees The oil prices have seen a sharp fall this month, to touch in their lowest levels in four years, amid investor fear that will reduce rates between the United States and its largest commercial partners, including China. The decline increased the decision of the “OPEC+” coalition to reproduce faster than expected, which again expressed concern about evacuation of supplies. In Ukraine, President Folodimir Zellinski accused the Russian forces of violating the ceasefire announced by Russian President Vladimir Putin during the Easter. The volumes for oil futures are expected to be weak during the Monday session, as some countries celebrate the Easter holidays.