Oil prices rise with the escalation of commercial stress

Oil prices have stabilized with traders evaluating a significant increase in US crude shares, and a new wave of customs duties announced by US President Donald Trump. Brent -Ruolat remained near the $ 70 per barrel on Wednesday, after it was closed without change on Wednesday, while the Western Texas -Tussentage crude finished about $ 68. According to official data, US equities increased by 7.1 million barrels last week, which has been the largest increase since January. The shares at the coastal storage center have also increased for the first time since May. Customs Duties Press on the global markets continue with the market to monitor a rush of the messages of imposing drawings issued by Trump, as Brazil was influenced by high fees, after previous threats to impose tax on brass imports and other countries. Trump’s commercial policies and promises of the targeted countries have confused world markets. Despite this unrest, oil prices are still slightly high this week, despite the “OPEC+” decision on Saturday to increase production in August, beyond expectations. The group relies on a strong summer search to record the additional supplies, but there is concern about the possibility of a marketing in the market later in the year with the decline in consumption to the highlight of the summer. At the same time, traders follow any possible escalation of tension in the Middle East, after the Houthis strengthened their attacks on ships in the Red Sea, which led to the sinking of two ships and the fall of a number of sailors. These attacks come in the wake of a conflict between Israel and Iran, which was stopped by a fragile ceasefire.