Because of the American-Iranian tension .. "a big leap" of oil
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I received Crude prices Also supported expectations that the Federal ReserveCentral Bank of America) Will cut rates at its next meeting to stimulate growth in the world's top oil consumer and a drop in US crude stocks.
Brent crude ended the session with $ 2.63, or 4.3 percent, to settle at $ 64.45 a barrel.
US benchmark West Texas Intermediate crude futures jumped $ 2.89, or 5.4 percent, to close at $ 56.65 a barrel.
And narrowing the difference between Brent prices AndAmerican crude To its lowest level since April.
New York's Mizuho futures manager Bob Luger said the move came as a rally American crude Faster than Brent because of the positive impact of the Federal Reserve's potential policy.
Tensions are rising in the Middle East, which pumps more than 20 percent Oil production in the world, After two attacks on two carriers near the Strait of Hormuz, a bottleneck for crude supplies.
Washington blamed Tehran for the attacks, but Iran has denied any role.
And push the concern of a slowdown Economic growth The US-China trade dispute oil prices to decline in the past few weeks.
It was Brent Has recorded its highest level in 2019 at $ 75 a barrel in April.
OPEC producers will keep their oil output in July within target levels, although OPEC's current cut-off agreement expires at the end of June, OPEC sources said, indicating Gulf exporters are reluctant to increase supplies.
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Crude prices also supported expectations that the Federal Reserve will cut interest rates at its next meeting to spur growth in the world's top oil consumer and a drop in US crude inventories.
Brent crude ended the session with $ 2.63, or 4.3 percent, to settle at $ 64.45 a barrel.
US benchmark West Texas Intermediate crude futures jumped $ 2.89, or 5.4 percent, to close at $ 56.65 a barrel.
The difference between Brent crude and US crude has narrowed to its lowest level since April.
New York's Mizuho futures manager Bob Luger said the move came as US crude rose faster than Brent because of the positive impact of the Federal Reserve's potential policy.
Tensions in the Middle East, which pumps more than 20 percent of the world's oil output, are rising after two attacks on two carriers near the Strait of Hormuz, the neck of a bottle of crude supplies.
Washington blamed Tehran for the attacks, but Iran has denied any role.
Concern over slowing economic growth and the US-China trade dispute has pushed oil prices down in the past few weeks.
Brent hit its highest level in 2019 at $ 75 a barrel in April.
OPEC producers will keep their oil output in July within target levels, although OPEC's current cut-off agreement expires at the end of June, OPEC sources said, indicating Gulf exporters are reluctant to increase supplies.
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