The continuation of the downward trend in oil prices
reported by Mehr News Agency, today Thursday, the 4th of Bahman, the price of oil decreased in the transactions of the Asian markets following the uncertainty about the impact of tariffs proposed by the President of the United States, Donald Trump, and energy policies on the growth of the global economy and energy demand.
The price of the Brent North Sea crude oil index decreased by 38 cents or 0.5% to 78 for the sixth consecutive day. Dollar and 62 cents per barrel.
Meanwhile, U.S. WTI crude oil fell 39 cents, or 0.5 percent, to 75 for a fifth day. Dollars and five cents were traded per barrel.
Priyanka Sachdeva, Senior Market Analyst In the Philip Nova Institute, he said in this regard: oil markets have given back some of the recent gains due to a combination of factors, the expectations of an increase in US oil production following Trump’s new policies in the field of oil drilling, the reduction of geopolitical pressures in the Middle East and the removal of the fear of Further aggravation of the supply disruption from the producing areas are among the key factors.
He added: Wider economic consequences following the tariffs proposed by the United States of America in trade with other countries could slow down the growth of global oil demand.
The US president has announced that if Russia does not reach an agreement to end tensions with Ukraine, he will add new tariffs to the sanctions against Moscow.
Trump has said that these things can be applied to other participating countries as well.
He also emphasized that the European Union, Canada and Mexico are included in these tariffs, and announced: Washington is imposing 10% tariffs on trade with China.
