Future oil prices rose more than $ 1.60 a barrel on Tuesday (13), iThinking of temporary cut in the United States, China definitions and better inflation report than expected.
Brent oil contracts were closed at $ 66.63 a barrel, an increase of $ 1.67, or 2.57 %.
The United States, West Texas, closed medium oil (WTI) at $ 63.67, with an increase of $ 1.72, or 2.78 %.
Al -Muzzamlan Al -Marjaian increased by about 4 % or more in the previous session, after the United States and China agreed with sharp discounts in the import tariff for at least 90 days, which also strengthened the procedures in Wall Street and the dollar.
John Kdov, partner in Capital LLC, said. “In addition, this morning data gives a nutrition space to start making some movements.”
The US Department of Labor stated on Tuesday that The consumer price index increased by 2.3 % in 12 months to AprilThe smallest annual gain in four years, taking companies from Wall Street, such as JPMorgan Chase and Barclays, to reduce their predictions of American stagnation in the coming months.
The most moderate reading of inflation will be received with some relief from the federal reserve, which has maintained the basic interest rate without change since the last discount in December.
The US Central Bank interrupted price cuts in the midst of fears that the trade war can lead to the revival of inflation.
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