The price of oil decreased in global trading today

According to the report of Fars International Economic Group, quoted by Reuters, following the latest developments in the final negotiations on the lifting of sanctions on Iran, which opens the way for an increase in Iran’s oil exports, the price of oil decreased slightly in today’s transactions.

Brent crude oil fell 80 cents to $95.85 per barrel. Brent oil rose by 1.8% yesterday.

US crude oil traded down 75 cents to $90.01 per barrel. WTI was up 2% yesterday.

Analysts of the ANZ research department announced in a note: The specter of the Iran-US nuclear deal still looms over the market.

In the final hours of Monday, the European Union presented the “final” text of the lifting of sanctions, which is awaiting the approval of Tehran and Washington.

Vivek DaharBank analystcommon wealthIn a note, he wrote: While the details of the resumption of Iran’s oil exports are not clear even if the sanctions are lifted, there is definitely freedom of action for Iran to increase its oil exports relatively quickly.

He added that Iran can increase its oil exports by 1 to 1.5 million barrels per day (or more than 1.5% of the world’s oil supply) within 6 months.

The oil market continues to be under pressure due to concerns about the recession, with Brent oil prices recording the largest weekly decline in the past week.

According to the statistics of China Customs, the country of China is large the most The crude oil importer in the world bought 8.79 million barrels per day of crude oil in July, which is 9.5% less than the same period last year and more than the import in June.

Traders are also keeping an eye on U.S. crude stockpiles, which will be released first by the American Petroleum Institute on Tuesday and then by the Energy Information Administration on Wednesday.

Five analysts polled by Reuters said they expect crude oil inventories to fall by about 400,000 barrels and gasoline inventories by about 400,000 barrels in the week ending August 5, while inventories of petroleum products, including diesel and jet fuel, are expected to decline. Change remains.

end of Payam/T 28