Oil takes off with the anticipation of Trump's decision to participate in the war against Iran

Oil prices fell to a week of volatile trade, as the markets focused on it whether President Donald Trump would put the United States in the conflict between Israel and Iran. Brent -ruol dropped at the $ 76 -a -barrel level, after it was closed with a slight rise on Wednesday, while the ‘West Texas’ raw was traded at $ 75. Prices swinging this week within a range of about 8 dollars, amid an increase in fluctuations, the trading options turn to the upward trend, and a marked width within the structure. Trump held a meeting with his senior advisers on Wednesday, but the White House did not make much known whether he decided to enter America in the attack aimed at destroying the Iranian nuclear program. Iranian Foreign Minister said that his country, a member of the organization ‘Oil Exporting Countries’ (OPEC), is still committed to the diplomatic road. In response to a question during the same day as he approaches Iran’s bombing, Trump said: “I may do it, and I might not.” The Wall Street Journal reported that the president had agreed to the military attack earlier this week, but he refrained from giving the final consent while assessing or tehing Tehran to meet his claims. The market is concerned about the closure of the ‘street of hormuz’ the biggest source of concern for the oil markets in the ‘street of hormuz’, but so far there are no indications that Iran wants to disrupt the movement of shipping in this now maritime corridor at the entrance of the Arab Gulf. It is about the sea street about one fifth of global oil production. “We do not see that this scenario is currently likely, but given the difficult situation Iran is currently experiencing, I think everyone should carefully monitor the street of hormuz,” said Mike Somers, president of the US Petroleum Institute, in an interview with Bloomberg TV. Goldman Sachs Bank, including Dan Stroevin, expected a geopolitical risk allowance to be estimated at $ 10 a barrel in Brent prices due to the conflict. However, the bank said that the most important scenario for this is the decline in the price of oil up to $ 60 in the fourth quarter of the year, assuming that no disruption in the supplies took place. “The geopolitical situation is still very tense, without any indications of calm. The market gradually moves to the stage of high -level price stabilization, waiting for more developments in the Middle East,” says Gao Jian, an analyst of the Kichheng futures in Shandong province. Meanwhile, US crude oil shares fell by 11.5 million barrels last week, which is the largest stock clouds in about a year. Stock has also decreased at the Shore City Storage Center, Oklahoma, while petrol supplies have increased.