War prices: oil falls in anticipation of Opec +, wheat rises

Antitrust, 14 car manufacturers modify offers (ANSA)

(ANSA) – MILAN, AUGUST 03 – Oil prices are falling pending the September production decisions of the OPEC + countries, which meet on the same day, even if analysts expect confirmation of current levels or, at most, of a modest increase despite the pressure of the US president, Joe Biden. WTI crude oil fell by 1.23% to $ 93.2 a barrel while Brent from the North Sea remained well below the $ 100 threshold (-1.34% at $ 99.2).

Meanwhile, gas has changed direction and at the end of the morning the European gas reference contract, the Ttf negotiated in Amsterdam, rises by 0.25% to 205.6 euros per megawatt hour.

Among precious metals, gold, a safe haven asset par excellence, moves at 1,766 dollars per ounce (-0.42%). In agricultural commodities, on the other hand, wheat prices rose: in Chicago durum wheat recorded growth of 1.45% to 854.5 dollars per bushel, soft wheat to 789 (+ 1.84%). (HANDLE).

Source: Ansa

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