The stability of oil prices with the anticipation of the results of the American and Iran talks and China data

There was no significant change in oil prices today, Monday, amid investors awaiting the results of nuclear talks between America and Iran, and the main economic data expected to be issued by China to assess the impact on its demand on primary goods in the wake of trade tension with America.

Brent crude futures decreased to $ 65.20 a barrel by 03:00 GMT, Texas crude contracts fell to 62.40 dollars, and both two -year -old rose last week after Washington and Beijing agreed with the two largest economies and oil consumers in the world to calm the trade war between them 90 days, by reducing customs duties significantly.

Analysts from “AN Z” said in a note: “Any negative indicator that may weaken the morale that the truce of America has strengthened Chinese customs duties”, and a state of blurring has contributed to the results of nuclear talks between America and Iran in the stability of oil prices, and China is scheduled to issue a set of data including industrial production data later today

The American envoy Steve Witkeov said on Sunday that any agreement between Washington and Tehran must include not enriching uranium, a statement that quickly caused criticism from Iran.

The IG Market analyst Tony Sikamore said: “Huge hopes are held on these talks,” adding, “realistically, it is not likely that Iran voluntarily agrees to peacefully abandon its nuclear ambitions, which have repeatedly confirmed that it is not negotiable, in addition to the collapse of its agents who in the past formed a barrier between it and Israel.”

In Europe, tension between Estonia and Russia has escalated after Moscow detained an oil tanker owned by a Greek company on Sunday after it left a port in Estonia on the Baltic Sea, and in America the producers reduced the number of oil platforms operating by one platform to 473 last week, which is the lowest level since January.