Oil with dramatic loss yesterday

The oil price was exceptionally strong yesterday. The Brent lost $3.49 of its value, or 4.6%, to finish the first day of the week at $71.48 a barrel with delivery in September. This was the lowest closing date since April last year.
US crude oil fell by 2.95 dollars, or about 4.2% to 68.06 dollars a barrel. Its lowest closing level since 21 June.
The Trump administration, in addition to conducting active political talks with Russia and Saudi Arabia to boost production, plans to resort to US strategic reserves to stem the fall in oil prices.
The average selling price of oil rose 16% since the beginning of the year, resulting in serious dissatisfaction with Trump's policy.
The sanctions imposed by the US on Iran are largely among the main reasons for the rise in oil prices in international markets.
According to the International Energy Agency, US state producers are expected to raise their daily production by 143,000 barrels in August, compared to a year earlier.