Oil prices were stabilized during trading on Wednesday, after they rose to the highest levels in two weeks at the previous session, while investors monitor new developments for US customs duties and try to measure their influence.
Brent Fud Futures recorded $ 69.95 per barrel with a small decrease in 0.2 percent, by 07:44 in Greenwich. The intermediate raw US oil by 0.2 percent fell by 0.2 percent, to $ 68.15 per barrel.
The latest deposition of the application of customs duties provided by US President Donald Trump.
Trump postponed the previous deadline, which was planned for today, on Wednesday, until the first of August (August), the date (Tuesday) is the finale.
He added that he would introduce a 50 percent fee for imported copper, and soon the fees will be applied that threaten his imposition on semiconductors and medicines, expanding the sphere of his commercial war, which swinged world markets.
While customs duties caused concerns about the collapse of oil demand, a strong demand for traveling in the fourth of July strengthened the demand for fuel.
Last week, AAA Travel Group data showed that it is expected that 72.2 million Americans, a record number, will pass more than 80 km for vacation.
As for the proposal, in its monthly report, the US Energy Information Administration expected that the United States would produce oil in 2025 than expected, since low oil prices in the United States pushed their activities this year.
In its report on short -term energy expectations, the US administration said that the United States is expected to produce 13.37 million barrels of the world in the world of 13.42 million, 13.42 million, in 2026, the United States will produce 13.37 million in accordance with previous expectations.
On the other hand, OPEC Plus oil manufacturers plan to approve another significant increase in production for September. On Saturday, the coalition, which includes OPEC countries and manufacturers from the limits of Russia, agreed to increase production by 548 thousand barrels a day in August.
Nevertheless, analysts said that the actual increase in production was less than the declared levels still.
Meanwhile, geopolitical tension in the region continued, providing prices. The official said that it was early on Tuesday, that four sailors aboard Erytrett C shipping ship, who raised the flag of Liberia, were killed as a result of an attack with a drunken plane and a fast boat at Yemen, which is a second accident after a day after calm for several months.
