Oil prices decline over 4%
The article focuses on the rise in gasoline and diesel prices, which have increased more than oil prices themselves. These prices are influenced by global oil prices and tend to decline less, due to factors such as increased domestic demand and expectations of OPEC+ increasing production in September. It also discusses geopolitical tensions, like the strained relations between Iran and the United States, and the impact of statements regarding strikes on Iran, which led to a rise in oil prices while gasoline and diesel prices fell more sharply than the oil itself. Additionally, it is noted that the 12.7% increase in local liquidity by the end of May contributes to market volatility, with indications that OPEC+ may increase production to support the market.
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