Washington.
On Wednesday, oil prices fell after the negative territory, when US President Donald Trump announced the mutual tariffs by commercial partners, forcing the world’s war to weaken the demand of the raw material.
Brent Futures lifted 46 cents, or 0.6% for $ 74.95 per barrel, while the US-West Texas intermediate plan won 51 cents to deal with $ 71.71.
The future of the United States rose in dollars for a dollar, then Tramper’s press conference on Wednesday, which announced tariffs for commercial partners, including the European Union, China and South Korea.
For weeks, Trump is April 2 as a “Liberation Day”, bringing new responsibilities that can sink the global trading system.
Charts listing countries and tariffs have shown during his statement did not specify the tariffs in Canada and Mexico. Canada exports to the United States in one day of its crude oil.
Trump tariff policy can slip inflation, slow economic growth and ability to sharpen trade disputes, opportunities that have limited oil prices.
“Increased prices have been suspended from last month’s rally, and Brent is a resistance of $ 75, the focus of which has now touched upon the trump tariff statement and its potential negative impact.
Some of Mexico from Mexico have worried about the trade war between the two countries, it said that Mexico did not plan to set titles in the United States.
Trump also threatened to impose secondary tariffs on Russian oil, and on Monday, he tightened sanctions on Iran as part of his administration’s “maximum pressure” campaign.
The second largest oil exporter of oil on Wednesday, Russia’s second largest oil exporter set restrictions on another major oil export road, suspending at the port of Novorossk in the Black Sea.
Russia produces about 9 million barrels of oil or just under the tenth of global production. His ports also deliver oil from neighboring Kazakhstan.
Meanwhile, investors are out on Wednesday, mainly, the US government’s raw inventory data. Last week, the United States was covered by about 6.2 million barrels and showed energy information management data. (EIA / S)
“In my opinion, the report is growing with greater raw hass and large-scale inventory,” said UBS analyst Oviannovo. “But the market took it as neutral, as the construction of the raw material is due to the sharp increase in Canadian raw imports, probably before the fear of introducing new tariffs.”
(Except for the title, this story has not been edited by NDTV staff and is published in syndicated feed).
