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Oil prices fell the week lower to continue falling last week

2019-10-21 08:43 am | Resource: News | No Views : 21

 Oil prices fell  the week lower to continue falling last week

Oil prices fell marginally after posting weekly losses amid uncertainty about the Brexit, continued US-China trade dispute.

Trump: Oil is locked and soldiers are not in combat

In other news, US President Donald Trump confirmed on Sunday that Defense Secretary Mark Esper, whom Trump referred to as Mark Esperanto, told him the ceasefire in Syria had stopped.

He said: "Mark Esperanto, Minister of Defense," the cease-fire is very holding. There are some simple skirmishes that ended quickly. Resettling new areas with Kurds: "US soldiers are not in combat zones or ceasefires. We have secured oil. Bring the soldiers home!"

Two days ago, Trump tweeted that the United States got "oil" in Syria and gave details of his recent telephone conversation with Turkish President Recep Tayyip Erdogan. "There is good will on both sides and a good chance of success," Trump said. "The United States has secured oil, and ISIS fighters are insured by the Kurds and Turkey."

 Foreign Ministry Spokesperson Iran is Ready to Reduce JCPOA Commitments

Meanwhile, Iranian Foreign Ministry spokesman Abbas Mousavi said on Monday that Iran was ready for the fourth phase of reducing its nuclear obligations as set out in the Joint Comprehensive Plan of Action. He stressed that Tehran hopes that Europe will meet its obligations and there will be no need to implement further reduction of the so-called Iranian nuclear deal. Earlier, Iranian President Hassan Rouhani expressed his readiness to reduce Iran's nuclear obligations in order to motivate the European Union to fulfill its obligations under the nuclear deal.

Earlier in the day, Russian Defense Minister Sergei Shoigu said the United States was endangering global security by withdrawing from nuclear agreements.

Oil Trading
  • Brent crude futures fell 0.4% or 24 cents to $ 59.18 a barrel, after ending last week's trading low at $ 59.42.
  • US crude was down 0.3% at $ 53.6 a barrel, after falling Friday to $ 53.78 at 08:55 CET.


Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

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