Summer gas prices are even lower because Saudi Arabia has accepted ‘less evil’

• OPEC +, the United States increases oil access such as summer travel peaks, tanking prices.

• The OPEC leader aims to restore Saudi Arabia to the competition of the US Shield and the market share with slow Chinese demand.

• Analysts say oil prices may remain longer for a longer term.

Gas prices in the pump may be cheaper because Americans hit highways summer journey.

Weekend, OPEC + Markets by announcing the markets that they flood under water. Eight producers, including Saudi Arabia and Russia, including Saudi Arabia, waiting for 411,000 barrels per day in August, waiting for 4,11,000 barrels growth analysts.

Move Oil prices on Monday, a sharp contradiction for increasing prices as a result of the increase in the last month Middle Eastern tense.

Price of the United States West Texas Ara Crude oil futures were $ 1.4% in a barrel on 12:058 dollars, 12:08 Brent is Crude Futures were 0.7% lower, a barrel was lower than $ 67.83.

When the lands of the summit until the summit, as the millions of Americans are on and when the air conditioning water is required.

In the United States, the average gas is $ 3.16, on June 30, from the same moment in the same time, according to a gallon, energy information department. The cost of a gallon of gas comes from about half an oil.

A $ 1 drop in crude oil, according to the EIA, will make a 2.4 cents decrease in a gallon gas.

Opec + “Continuous global economic outlook and current healthy market basics, current healthy market basics reflected in low oil reserves” comes out of the removal removal.

However, analysts see something bigger in the game. The output ramp is widely considered as a refund of the oil cartel for the oil cartel, the rigid competition in the U.S. shale and the slowdown in China.

Especially, especially the de facto Opec leader, who wants to reduce stomach oil prices to protect its dominance, is ready to reduce stomach oil prices. This position comes as a barrel of more than $ 90 oil to balance the budget of the International Monetary Fund for the budget of Saudi Arabia.

However, SOFTER oil prices can be “less evil” for Saudi, OPEC + and the global economy.

Low prices can help Saudi Arabia return the lost market share, responding to political points President Donald Trumps Cheaper butter and cement Riyad’s OPEC and wider influence in the Middle East.