At the London market of barrel crude oil, sold at a price below for $ 1.54, and amounted to 64.58 dollars. On the US market of barrel crude oil traded at a price range below for $ 1.47, from $ 61.69.
U.S. President Donald Trump said on Thursday that they are now very close to reaching a nuclear agreement with Iran, and that Tehran “somewhat” agreed to the terms.
Iranian official said in an interview for NBC News that Iran was willing to agree to the U.S. agreement in exchange for the abolition of economic sanctions.
“Everyone is currently mitigating the sanctions that would result from the nuclear agreement to free the global market of an additional 800,000 barrel of Iranian crude oil, which is undoubtedly negative development for prices,” said Analyst of SEB Ole Pravalbye.
Washington introduced Iran’s sanctions on Wednesday to prevent the production of balist projectiles, the US Department of Finance said, after the day earlier sanctions against about 20 companies claim to send Iran oil to China.
Sanctions followed the fourth round of American-Iranian negotiations in Oman, aimed at resolving the dispute over the Iranian nuclear program.
Data from the US Energy Information (EIA) have shown that raw oil supplies increased by 3.5 million barrels last week, to 441.8 million, compared to the expectations of analysts from Reuters’ surveys that predicted a reduction of 1.1 million barrels.
Meanwhile, the International Energy Agency (Iea) increased its forecast for oil demand in 2025. at 740,000 barrels a day, which is more than in the previous report, stating better forecasts of economic growth and lower oil prices.
IEA stated that the economic crisis and record sales of electric vehicles reduce demand for 650,000 barrels per day by the end of the year, compared to the growth of nearly a million barrels in the first quarter.
Organization of the Oil Exports and Allies (OPEC +) increases the offer, although OPEC has lowered its forecast of growth of oil offers from the US and other manufacturers outside the wider OPEC + group this year.
The organization of the oil exports (OPEC) has published separately that the barrel of oil from the basket of its members has increased by 64 cents, and amounted to 66.02 dollars.
(Vijesti.ba / Hina)
