The diplomatic crisis in the Middle East has reflected strong global oil market. After cutting ties with Qatar, after the country refused to accept the request of the American President, Donald Trump, to unite against extremism, Saudi Arabia waved that in the next three to four months will a reduction in stocks of crude oil.
The destination may be the United States, since Saudi Arabia's Energy Minister, Khalid al-Falih, commented that the Saudis plan to increase, in the long run, their exports to the North American country. Second, the United States currently Falih aren't so well supplied the oil.
After ease fear among investors about the high supply of oil, saying that the stockpile reduction will accelerate with time, the market responded positively and a barrel of oil obtained small gains. It seems that the feeling about the commodity began to improve.
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