The global price of oil today, February 2; Brent 80 dollars and 19 cents
reported by %20%0A
The price of a barrel of Brent North Sea oil today increased by 4 cents equal to 0.05% to 80 dollars 19 cents arrived Texas Intermediate oil West also decreased by 1 dollar and 14 cents, equivalent to 1.46%. $76 and 74 cents deal It will be.
Donald Trump, the new US president, while announcing his plan to boost oil and gas production, said he was thinking of imposing 25% tariffs on imports from Canada and Mexico. It is from February 1st and does not implement this plan immediately. This decision of Trump lowered the price of oil.
But duties on Canadian crude could increase oil prices in the future. Almost all of Canada’s oil exports go to the United States and are usually sold below the West Texas Intermediate (WTI) price. will be Thus, US sanctions increase the risk of cost increases for most of Canada’s oil exports.
Trump announced a plan to speed up licensing for oil, gas and electricity production with the aim of maximizing American energy production.
He has yet to implement new trade measures, but has told federal agencies of unfair trade practices by others. check the countries.
Trump also said the US would likely stop buying oil from Venezuela. America is the second largest buyer of Venezuelan oil after China.
He also promised to replenish strategic reserves. This action strengthens the demand for American crude oil and raises the price of oil.
