Oil yields waiting for the increase in OPEC+ production+ the weekend

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By TP

Petroleum has cut positions this Friday, with 0.42% falls for the Brent ($ 68.51) and 0.75% for West Texas ($ 66.50). The market is aware of the Greater producers -Opep+ – this weekendwhich has finally been advanced to Saturday. The group is expected agree to increase production by 411,000 barrels per daywhich helps to press the crude. To this are added the data of PMI China Caixin Services published this weekwhich showed that the service activity of the Asian giant – the world's largest importer in the world – expanded in June to the slower pace in nine monthsdue to the weakening of the demand and the fall of new export orders. A Unexpected increase in oil reserves in the United States He has also accentuated the concern for the demand of the world's largest oil consumer. The US Energy Information Administration on Wednesday that domestic oil reserves They grew at 3.8 million barrelsup to 419 million barrels, last week. OPEC+ HA The production of oil has been progressively increasing since Aprilwith monthly increases of 411,000 barrels per day, gradually advancing towards the Elimination of 2.2 million barrels per day of volunteer cuts that kept in force.