Oil prices are rising near the lowest level this year

Oil prices stabilized near their lowest levels this year, as the geopolitical positions of US President Donald Trump, and threats to impose energy, have affected expectations. The prices of ‘Brent’ crude oil were traded below $ 75 following a 2.1% fall on Wednesday, which has delivered all the profits since the beginning of the year, while the prices of the Western Texas mediator were nearly $ 71. The revenge definitions imposed by the United States are expected to come into effect from Monday, setting fire to a trade war that could affect world growth, while Trump’s proposal was condemned to control Gaza from almost all countries of the world. Investors have withdrawn their money from the oil and fuel markets since Trump has held office, which led to low prices, despite constant concerns about more restrictions on Iran and Russia’s supplies, as well as deferred oil fees from Canada and Mexico. This has strengthened some oil degrees in the Middle East, as Saudi Arabia has increased the most important price provided to Asia in the largest increase in more than two years. Also read: China responds to Trump with fees for US products and reaches with ‘Google’ in the United States. National commercial crude oil shares have increased by almost a year, thanks to increased imports from Canada before the initial fees are implemented. Stock usually starts to accumulate at this time of year, although they remain less than seasonal averages. At the same time, there are indications that the actual oil market has begun to delay. The difference between the two nearest decades of “Brent” has dropped to the lowest level this year, as the difference has decreased, in the case of ‘up’ to 53 cents a barrel, compared to about a dollar at the end of last month. As for the interim ‘West Texas’ crude oil, a bet on options has been placed to become a declining ‘contingo’ style next year.