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During the today's trading session on the Asia-Pacific region commodity markets, the crude oil price has continued to depreciate, due to the increase in the raw materials volume production by the OPEC countries to their high for the current year. 

Today, the world Crude Oil Market is feverish due to reports of failures in the raw materials supply from Saudi Arabia through the Bab el-Mandeb (Red Sea) Strait. The suspension of Crude Oil transportation is caused by the attack of the Yemeni insurgents - Houthis on two supertankers.

Paradoxically, the recent critical tweets of the White House owner regarding the FRS monetary policy have positively influenced the dynamics of gold quotes. If President Trump intended to positively influence the dollar’s exchange rate, he did not succeed, and now investors have nothing left but to redirect financial flows towards reserve assets.

Despite the fact that on the whole this week has turned out to be rather unsuccessful for the oil industry workers, the final session on the commodity market brought the traders long-awaited news: the quotations have left the red zone. 

There is a revival in the commodity market today. The “Gold” commodity asset quotations are steadily appreciating, as investors are trying to insure their assets due to the weakening U.S. dollar. This trend demonstrates the fact that the financial market is confident that during the meeting between the Presidents of the USA and Russia, it is Trump that is the "weak link."

On the eve of the meeting of the presidents of the United States and Russia, the Crude Oil quotations dynamics differs by its multidirectional rend. As a result of the trading session on Friday, there has been a strengthening of prices for the benchmark North Sea Brent Crude Oil, while the cost of the "WTI Crude Oil" asset has only been slightly depreciated, without sudden fluctuations. How to explain such a situation in the Asian market?

Another spurt of crude oil quotations is being observed on the oil market. In such a situation, the experts predict an increased interest of traders in the "black gold", despite the fact that the statistics from the USA indicate an increase in the number of operating drilling rigs. 

The disagreements between the US President and the OPEC (the Organization of Petroleum Exporting Countries) cartel have been the main reason for the continued decline in the Crude Oil quotations. However, today this trend has received an additional impetus, after the Chinese government voiced its determination to respond to the duties introduction by the US adequately. It should be clarified that yesterday, the US President Donald Trump accused the cartel blatantly of artificially inflating the Crude Oil price.

The trading session on Tuesday at the COMEX exchange (a subdivision of the New York Mercantile Exchange) has not started in the most successful way for the commodity asset "Gold", whose quotations are located in the "red zone". 

Alexander Novak, the Minister of Energy of the Russian Federation, at a meeting with the press representatives, has announced the daily crude oil production volume. According to him, from the beginning of next month, this figure will amount to 200 thousand barrels. 

The US authorities have appealed to their partners to support sanctions against Iran and refuse to purchase crude oil from this country. Against this backdrop, the "black gold" quotations have been appreciated significantly, and by the time of the closing of the trading session on the commodity trading platforms, the cost of the WTI (West Texas Intermediate) Crude Oil has passed through the $ 70 per barrel barrier for the first time this summer.

The final statement, made by the time of the OPEC (Organization of the Petroleum Exporting Countries) + 11 summit end, had immediately affected the raw materials quotations. Since the beginning of the trading session on Monday, the Oil quotations have been depreciating, as most of the parties to the agreement agreed with the Saudi Arabia and Russia arguments in favor of production volumes increasing.

The uncertainty in the world oil market has ensured the “Gold” commodity asset quotations appreciation, which is the main reserve asset for traders. During the Asian trading session on the APR commodity platforms, the Gold futures contracts have been under the sights of most market participants who decided to insure their assets prior to the OPEC (the Organization of the Petroleum Exporting Countries) summit end.

On Wednesday, the trading session on the commodity market has begun rather sluggishly, as the investors have not decided yet how to react to the fact that Tehran resists stubbornly the plans of Russia and Saudi Arabia to increase production volumes within the framework of the OPEC + 11  - the Organization of the Petroleum Exporting Countries (OPEC) and 11 other oil producers Agreement (Oil Cut Deal).

Three countries that are important players on the world oil market (Venezuela, Iran and Iraq) were not enthusiastic about the Russia and Saudi Arabia plans to increase the raw materials production volume within the framework of the OPEC + 11 agreement (Oil Cut Deal). 

The U.S. dollar quotations growth has increased the pressure on the commodity market. As a result, in the course of trading on the New York Mercantile Exchange, the futures for the commodity asset "Gold" have been depreciated, having lost 0.44% or 5.70 points by this time, reaching the mark of $ 1.302.60 per troy ounce.

The trading session on the European oil market has started not in the best way for the oil companies. The Oil prices, under the pressure of statistics from the US, have begun to depreciate and in a short time, in the case of futures for Brent, the depreciation has reached half a percent.

The last trading session of this week did not bring any positive signals for the oil investors. On the world Oil Market, sharp fluctuations of quotations caused by statistical data from the USA are noted, where significant growth of the raw materials extraction volumes is being marked.

The beginning of this week has turned out to be extremely unsuccessful for oil producers. By noon, the North Sea Brent Crude Oil quotations have been depreciated by about half a percentage point, succumbing to pressure from the US market, which recorded a record volume of mining.

In his interview with the authoritative world news agency, the Deputy Minister of Energy of the Russian Federation, P. Sorokin, has first voiced an extremely ambitious government plan. According to this plan, Russia intends to increase production of liquefied natural gas up to 100-120 million tons per year by 2035.