Yesterday, the barrel price of Brent oil rising up to $ 75.26, completed the day at 73.64 dollars. The barrel price of Brent oil, today at 09.42, decreased by 1.23 percent compared to the closing was 72.73 dollars. At the same time, the Western Texas species (WTI) found buyers at $ 69.49 barrel of crude oil.
In the decline in prices, increasing demand concerns after the tariffs announced by US President Donald Trump were effective.
Trump, at the White House yesterday event, signed the decree foreseeing the application of mutual tariffs to other countries. Within the scope of the decree, the goods imported from many trade partners of the United States began to be applied at a rate of 10 percent to 50 percent.
US Treasury Minister Scott Bessent advised countries not to retaliate for mutual tariffs, while higher customs duties will not be applied if this is provided.
The European Union (EU) Commission President Ursula von described tariffs as a major blow to the global economy.
In a statement made by the Chinese Ministry of Commerce, the decision was opposed and counter -measures to protect the rights of the country said.
Experts, who foresee that many countries will retaliate after the US tariff steps, said that this situation increases the concerns that this situation may trigger a global trade war that will slow down economic growth and limit oil demand.
Yesterday, the US Energy Information Administration (EIA) announced that commercial crude oil stocks in the country increased approximately 6 million 200 thousand barrels last week. This increase supports the downward course of prices by increasing concerns that demand has slowed down in the world’s most consuming country.
On the other hand, the OPEC+ group of countries that export oil on their quotas (OPEC) and some non -OPEC producer countries limits the decline in prices that some countries can make additional interruptions.
Brent oil technically $ 75, resistance, 71.63 dollars can be monitored as support.
