Home Market Insight Oil on Japanese trade deals increases and the U.S. Strong demand indicated...

Oil on Japanese trade deals increases and the U.S. Strong demand indicated by inventory

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Oil on Japanese trade deals increases and the U.S. Strong demand indicated by inventory

Beijing -Oil prices indicated progress on tariffs in the US trade deal with Japan, after a decline in three consecutive sessions on Wednesday, and a poll showed that last week we had a crude reserve, which showed strong demand.

Brent crude futures rose 33 cents or 0.48%to $ 68.92 a barrel by 0023 GMT. The US West Texas Intermediate Crude Futures rose 33 cents or 0.51%to 65.64 d.

President Donald Trump said on Tuesday that the US and Japan made a trade deal that included 15% tariffs on US imports from Japan. He also said that Japan is in the U.S. Were agreed at $ 550 billion in

The EU said it was considering the countermeasters against the US tariff, as Asha had blinked for the deal before the August 1 deadline.

And US crude oil stockpiles were expected to decline with distillation and gasoline inventories last week, showing the elaborate Reuters poll on Tuesday.

Living events

      In front of weekly inventory data, nine analysts estimated that crude inventories declined by about 1.6 million barrels in the week to July 18.

      US crude and gasoline stocks dropped last week when distillation inventories Rose, market sources said on Tuesday citing American Petroleum Institute figures.

      In another mark for the market, the US Energy Secretary said on Tuesday that the US would consider allowed Russian oil to end the war in Ukraine.

      The EU agreed on its 18th sanctions package against Russia on Friday, with a reduction cap for Russian crude. But analysts said that lack of US partnership would hinder the effectiveness of the package.

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