The world oil prices decrease on Thursday morning due to the possible increase in supplies from Iran in the event of a resumption of nuclear agreements with this country. This is evidenced by trading data.
The price of the August futures to the North Core oil mixture of Brent brand decreased by 0.58%, to 68.33 dollars, July futures – by 0.6%, to 68.46 dollars per barrel; July futures on WTI affected by 0.54%, to 65.85 dollars per barrel.
Investors carefully monitor negotiations between Iran and other countries on the resumption of a nuclear agreement and in anticipation of details about the delivery time in this case of additional oil.
“The market is still not sure how the situation with Iran will develop. Prospects remain positive, with the weakening of restrictions, probably will increase the mobility of citizens. However, the exact time of filing additional barrels of Iranian oil can be of great importance,” said Bloomberg senior agency Strategist on raw materials in Australia and New Zealand Banking Group Ltd. Daniel Hynes.
The price of “Black Gold” could decrease and more, but on the eve of the US Mainnergo reported that the commercial oil reserves in the country had decreased by 1.7 million barrels over the past week – up to 484.3 million. Analysts at the same time were expected to reduce the indicator only by 1.05 million barrels.