Crude prices record highs with the beginning of the European trading period for today’s session, Tuesday, the first of June (June), when American crude rose by more than 2 percent, while Brent crude trades at the highest levels of $ 70, amid anticipation in the markets for the meeting of the Organization of the Petroleum Producing Countries known as OPEC and the independent allies of what is known. Baobec + The meeting of the Joint Technical Committee of OPEC +, which took place on Monday before the ministerial meeting today, according to reports issued by Reuters, confirmed that the committee kept its expectations for the growth of global oil demand in the current year 2021 unchanged at levels close to 6 million barrels per day. Expectations indicate that the organization and its independent allies led by Russia may not issue any new decisions regarding production policy beyond July at this meeting and keep their decisions until its next meeting on the 24th of June, especially after the organization and its allies decided in April to return about 2.1 million barrels per day. From supplies to market from May to July. Meanwhile, concerns about an increase in Iranian production with the progress of talks on reviving the nuclear deal have resulted from crude rises in the previous sessions, despite the assurances of OPEC Secretary-General Barkindo that the increase in Iranian supply is not expected to have any significant impact on crude prices. It is expected that crude production in Iran will rise to 6.5 million barrels per day if the US sanctions are lifted and if Iran abides by the terms of the nuclear agreement with the United States of America. Brent crude is trading at $ 70.29 a barrel, up about 1.40 per cent, while US crude (NYMEX) is trading at $ 67.71 per barrel, up about 2.10 per cent.