Oil prices are decreasing against the background of Iran’s negotiations and the United States on a nuclear program, which can unlock oil exports to the country. It is reported by Bloomberg.
At the weekend, on February 19-20, the issue of the Iran nuclear program will be discussed in Munich. Coordination of the positions of the exporting country of oil and the United States can unlock the supply that are under the economic sanctions of states.
So, Brent oil traded at 90.9 dollars per barrel on Friday, but over time increased to $ 92.7 per barrel at 18:30 in Kiev.
WTI oil brand at the auction touched 89.2 dollars per barrel, but over time, also increased to $ 91.11.
High prices that remain recorded since 2014 are due to the threat of the Offensive of the Russian Federation and the concentration of Russian troops on the borders with Ukraine.
Quotes are supported by new messages of the White House about the threat of escalation. As well as intelligence data that the Russian Federation continues to increase military forces on the borders.