World Oil Price Brent was $ 2 and 2 cents

report Mehr News Agency quoted by Reuters, oil prices on Friday near the highest number in the past. It has. US duties on Venezuelan oil and gas buyers and restrictions on Iranian oil trade have strained the global supply perspective.

The price of oil Brent of North Sea today fell 2 cents, equivalent to 2.9 percent to $ 2 and 2 cents. Oil West Texas Intermediate USA is also traded at 2 cents, equivalent to a reduction of $ 1 and 2 cents.

Both of these oil indexes have increased more than 2 percent over the past week.

US President Donald Trump has imposed 5 % of Venezuelan crude buyers a few days after sanctions against China’s oil imports from Iran.

This Trump order has created new instability for buyers, and Venezuelan oil trade to China has stopped its main buyer. On the other hand, Relence India India, the world’s largest refinery operator, also stops importing oil from Venezuela.

Oil prices are also affected by high demand signs in the United States as the world’s largest consumer of oil. The US Energy Intelligence Bureau said its crude oil reserves fell 3.5 million barrels a week to March 6 to reach 3.5 million barrels. Analysts were expecting a 5,000 -barrel drop.