Oil from the beginning of the week grew by 3.6%

After reports of the intentions of the US authorities to refuse from the may 2 dismissal from the policy of certain countries from sanctions over purchases of oil in Iran, global oil prices on Monday rose by 3.6%.

U.S. Secretary of state Mike Pompeo recently announced the government's plans to completely block the export of oil from Iran, then as now, China, Turkey, India, Italy, South Korea, Greece, Taiwan and Japan are allowed to buy Iranian oil without risk to fall under sanctions. What India and China are now major buyers of oil from Iran.

on Monday, the price of a barrel of Brent crude oil rose by 3.6% to 74,71 dollars/barrel for the first time in November 2018, crossing the level of $74/barrel. The price of oil WTI for the first six months exceeded 65 $/barrel and reached at maximum 66,55 $/barrel, adding to last week's 3.7%.

In April, Iranian oil exports fell to the lowest in 2019 level and averaged less than 1 million barrels/day, while in March it stood at 1.1 million barrels/day, according to Reuters, citing data Refinitiv Eikon and other analytical agencies.

However, the actual export figures, according to experts, can be 1.1-1.3 million barrels/day, because after the imposition of sanctions, Iran's government has been prijavuVAT data on exports of energy resources.

In any case, for the year, oil exports halved since in in April 2018, Iran exported 2.5 million barrels/day.

the increase in oil prices in the near future may support prices for vegetable oils are "energy crops", such as rapeseed and corn.