Oil price operates in equilibrium

Future oil contracts operated close to stability this Thursday, with United States oil around a maximum of three and a half years, but investors still fear a major drop in Iran's exports due to U.S. sanctions and consequently a grip on the offer. The Brent oil rose 0.19 dollar, or 0,24%, at 77.81 dollars a barrel, at 9:05 (Brasilia time). United States oil fell 0.27, 000, or 0,37%, at 72.49 dollars a barrel.

The United States demanded this week that all countries suspend imports of Iranian oil from November, a positioning that reflects the efforts of Donald Trump's government to cut funding to the Asian nation.
The measure follows a decision by the Organization of Oil exporting countries last week to increase production to try to moderate oil prices, which rose more than 40% in the last year. "Several people will be reviewing their predictions for the loss of Iranian barrels," said Harry Tchilinguirian, French bank strategist BNP Paribas, at the Reuters Global Oil Forum.

Oil prices rose largely in 2018 due to the tightening in market conditions, given the record demand and supply cuts led by OPEC. Source: Last minute.

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