00:00 The markets have seen many fluctuations in July.
00:03 Factors supported one product and others pushed back on another.
00:08 Let's start the market tour in July.
00:10 In oil prices, we see that oil prices rose to the highest level in 13 months.
00:15 Khamid Berent raised about 14%,
00:18 which is the highest monthly rise since May 2022,
00:21 with support from the OPEC production reduction
00:24 in July of about 860,000 barrels.
00:30 It is expected that Saudi Arabia will double its production
00:33 by a million barrels daily until the end of September.
00:36 American Kham Nimex also rose about 16%
00:39 and achieved the highest monthly gains since January 2022.
00:44 The production volume of the OPEC organization in July reached about 840,000 barrels daily.
00:50 Factors supporting the rise are the supply and decline of reserves,
00:54 especially the reserves of American oil,
00:56 which fell about 900,000 barrels in the final week of July 28.
01:02 Goldman Sachs expects orders to reach about 102 million barrels daily in July.
01:08 As for gas contracts, which are the biggest loss between the three products,
01:12 we see that European contracts fell about 24% in July,
01:16 with support or pressure from the decline in summer demand,
01:20 the rise in temperature and the decline in gas prices,
01:22 about 64% since the beginning of the year.
01:26 There are concerns about the cut in the support of the Norwegian gas state
01:30 to the European continent, which is what causes concerns
01:32 about the return of gas prices to the levels of 2022.
01:35 As for the yellow mineral, it rose 2.3% in July,
01:40 which is the highest monthly rise in five months,
01:43 with support from the dollar's weakening after the US Federal Reserve
01:47 raised interest rates in July,
01:49 but expectations point to the US Federal Reserve
01:53 stabilizing interest rates at the current levels in September,
01:56 which is 5.5%.
02:00 [BLANK_AUDIO]
