London/New York (dpa -AfX) – Oil prices grew on Tuesday. A barrel (159 liters) of the North Sea variety Brent for delivery in July cost $ 61.67 in the afternoon. That was $ 1.43 more than the evening before. The price for a barrel of the US variety WTI for delivery in June rose by $ 1.44 to $ 58.57.
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Dealers spoke of a countermovement. The recent course discounts were exaggerated. The oil prices were recently burdened by the decision of the Opec+ to accelerate oil production for the second month in a row. The promotion of the oil network listed by Saudi Arabia and Russia is to be expanded by 411,000 barrels per day.
“Behind it should be suspected of the growing dissatisfaction of Saudi Arabia with the lack of implementation of the agreed production cuts in some countries, especially Kazakhstan and Iraq,” commented Carsten Fritsch, analyst at Commerzbank. “These two countries have produced significantly more than agreed in the past few months and also did not implement the promoted production cuts to compensate for the overriding overflow so far.”
Since the decisions were basically expected, oil prices recovered. A relaxation started on Monday afternoon.
For some time, oil prices have been on the downturn because of the concerns about the development of the global economy. In particular, US President Donald Trump’s customs policy provides uncertainty. In mid -January, the Brent had cost more than $ 80./Jsl/la/mis