country flagالعربية

Oil marginal rise amid rising optimism in trade negotiations

2019-11-05 07:46 am | Resource: News | No Views : 18

 Oil marginal rise amid rising optimism in trade negotiations

Oil prices rose marginally after Brent crude hit yesterday after settling at $ 62.13 Monday, the highest level in more than a month. Amid mounting Iranian crisis and next steps in US-China negotiations, US Commerce Secretary Wilbur Ross said on Tuesday that Washington hoped the first phase of a trade deal with China would "rebuild trust" between the two countries and lead to a series of "stronger" agreements. . Ross said the United States was "reasonably optimistic" that the interim deal would be finalized and signed before the end of the month.

Rouhani announces suspension of JCPOA commitments

Iranian President Hassan Rouhani announced on Tuesday the fourth step in reducing the country's obligations under the Joint Comprehensive Plan of Action, also known as the Iranian nuclear deal. Rowhani said Iran would resume uranium enrichment at the Fordow plant on November 6.

The announcement comes a day after the head of Iran's nuclear program, Ali Akbar Salehi, said Tehran had begun operating 60 advanced IR-6 centrifuges, a violation of Gokula.

Iran continues to backtrack on JCPOA commitments

The head of Iran's nuclear program announced on Monday that the country operates 60 advanced IR-6 centrifuges, another violation of the Joint Comprehensive Plan of Action (JCPOA), also known as the Iranian nuclear deal. Ali Akbar Salehi announced on state television on the 40th anniversary of the Iranian hostage crisis. Earlier, Iran's Supreme Leader Ayatollah Ali Khamenei ruled out talks with the United States. "One way to prevent America's influence is to ban any talks with America. That means Iran will not give in to US pressure," Khamenei said.

Oil Contract Trading
  • Brent crude futures rose marginally 0.23% or 14 cents to $ 62.27 a barrel, at 08:57 am CET,
  • US crude futures rose slightly by 0.14% to $ 56.62 a barrel, after rising yesterday to $ 56.54, the highest close since October 25.

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…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.