Yesterday, the barrel price of Brent oil rising up to $ 75,17, completed the day at the level of $ 74.91. The barrel price of Brent oil, today at 10.03 hours, increased by 0.1 percent to $ 75. At the same time, the Western Texas species (WTI) found buyers at $ 71.34 barrel of crude oil.
In the rise of oil prices, US President Donald Trump gave instructions for the introduction of new tariffs to US goods.
Trump made statements yesterday after the US signed a presidential decision on the development of a comprehensive plan for non -mutual regulations in commercial relations. Stating that he decided to apply mutual tariffs to ensure justice in trade, Trump said, “We will apply what countries apply to the United States.” he said.
While the studies on mutual tariffs are expected to be completed by April 1, experts say that comprehensive customs duties practices may adversely affect global growth in the long term and lead to a trade war that can re -exacerbate inflation and that this can raise oil prices.
On the other hand, a possible peace agreement between Russia and Ukraine and the data indicating that Russia’s crude oil production has increased prevents prices from rising further.
US President Donald Trump, Russian President Vladimir Putin and Ukrainian President Volimir Zelenskiy after his phone calls, US officials instructed the start of negotiations to end the war in Ukraine.
Experts say that a possible peace agreement between Russia and Ukraine may lead to the abolition of sanctions against Moscow, and that this may increase the global energy supply and suppress oil prices.
In addition, according to the monthly oil market report of the International Energy Agency (IEA), Russia’s crude oil production showed a slight increase last month. Although the US imposes new sanctions, Russian oil exports can be maintained if there are ways to overcome these restrictions. This restricts the rise of prices by relieving market players’ supply concerns.
Experts foresee that oil prices can continue to follow a wavy course due to political developments in the future.
Brent oil technically $ 77,60, resistance, 74 dollars can be monitored as support.
