Oil is under pressure due to the possibility of a return of the Fortis line and the recovery of US production

Oil prices fell significantly during early trading, after strong price gains overnight.

On this basis, the US crude is trying to stay above the price of $ 58 a barrel, and Brent oil had dropped the price of $ 64 and a half a barrel.

Several sources have indicated, however, that there is a possibility of restarting the Fortis pipeline, which had been disrupted due to abandonment, and that the pipeline supplies the United Kingdom about four hundred and fifty thousand barrels per day.

In addition, the recent US data indicated that domestic oil production rises to close to ten million barrels per day, which puts pressure on prices, and on this basis will focus attention today on the data Baker Hughes, which monitors the number of oil platforms operating in the United States, as indicated To a slight decline last week.

On the other hand, OPEC indicated that there would be no surprises in terms of output of producing countries of the agreement to reduce production before the end of the agreed date, and Russia added that countries must study the issue of exit before any decision on that, which assured investors.

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