US-Iran ratio and oil fall

The oil futures contracts closed in decline on Tuesday, 16, amid an alleged easing of tensions between the United States and Iran. In addition, the strongest dollar contributed to the movement.

WTI Oil for August delivery negotiated at the New York Mercantile Exchange (Nymex) closed in 3.29% drop, at US $57.62 per barrel. Already the Brent oil for September at the Intercontinental Exchange (ICE) fell 3.20%, the US $64.35 the barrel.

This Tuesday, U.S. President Donald Trump and U.S. Secretary of State Mike Pompeo would have said that the negotiations with Iran regarding the nuclear program were advancing. "Much progress has been made," he would have claimed the head of the White House, in a meeting at the executive headquarters in Washington. "We are not seeking a change in the Iranian regime. We want them out of Yemen, "he would have completed the Republican.

Pompeo, according to sources, said Iran is willing to negotiate its missile program, while Tehran has asserted in the last days that it can dialogue with the Americans, as long as economic sanctions are withdrawn.

The statements were not detailed, but were interpreted as signs that American tensions with the Persian country may be decreasing, which eases fears about the supply of the energy commodity.

In addition, the offer is strengthened by the tendency to normalize activities at the Gulf of Mexico production stations, which were closed due to the passage of Tropical Storm Barry. However, to date, more than half of the production posts remain closed.

In a report released to customers on Tuesday, Capital Economics argues that "the production of the sector should begin to fall modestly in the second half of the year", which tends to strengthen the quotations.

By the forex side, the strong dollar throughout the day makes commodities, like oil, more expensive for holders of other currencies, pressing demand and consequently the quotations. With information from Dow Jones Newswires

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