Oil ended July with an increase of between 6 and 7%

Speculation to find a solution in the Red Sea, as well as data on surging oil stocks, contributed to the decline in oil prices. We can recall that at the beginning of the week, the Brent almost reached the 75-dollar barrel again.
Concerns about the deepening US-China trade war, and the potential slowdown in Asia's economic growth, have led to a 30-cents loss for Brent up to $74 a barrel.
Losses of nearly 40 cents were also recorded by US crude oil futures. Together with the fall of Tuesday, the drop in oil is already close to 2%.
Yet, July was a good month for oil. In the seventh month of the year, Brent added 6% to its value, and US crude oil - nearly 7%.