On the main world fuel exchanges, the quotations are stable. In the face of a potential change in production by the OPEC+ Alliance and ongoing commercial tensions between the United States and China, the price of West Texas Intermediate oil barrels in the USA for deliveries in June slightly increased, reaching $ 62.33, which is an increase of 0.10 percent. Similarly, Brent oil on the London Stock Exchange, also for deliveries in June, recorded a slight price increase to $ 66.17. for a barrel (+0.08 percent).
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Slight price fluctuations are the result of a complicated situation on the global oil market, where some OPEC+ members are considering increasing supply, but at the same time The conflict is increasing within the group regarding compliance with established production limits. The Reuters agency, citing anonymous sources, reports about the tightening disputes, especially with the participation of Kazakhstanwhich is accused by Saudi Arabia of ignoring imposed amounts. Such an internal discrepancy in the organization can lead to the risk of price war and destabilization of supplies.
Zhou Mi, an analyst from Chaos Ternary Futures Co., points out that Current tensions can contribute to the resumption of the inheritance trend of oil prices in global markets.
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In the context of global trade, the situation may, however, improve, because US President Donald Trump signaled the possibility of concluding a “honest contract” with China. In the next 2-3 weeks, new customs rates may be introduced, and Trump's administration is considering lowering the duties to car parts before May 3, which was revealed by the “Financial Times”.
Investors will certainly continue monitoring these dynamically changing conditions that have a direct impact on oil prices and broadly understood market stability.
