Oil price drop following Trump’s request from OPEC
reports Mehr News Agency , oil prices did not change much on Friday (February 5th), but after the announcement of US President Donald Trump’s widespread plan to increase oil production by US President and its asking for oil exporting countries (OPEC) To lower crude oil prices, the price of this strategic commodity was on the path to a weekly decline.
crude oil price index Brent North Sea until 2 and 5 minutes Greenwich on Friday by 2 cents. Reached $ 2 and 2 cents a barrel.
, however, the crude oil index Dabloti USA with 2 cents, $ 1 and 2 cents per cents The barrel was traded.
so far from oil market transactions, weekly crude oil price index Brent so far 4.9 % and so far Dabloti has decreased by 4.9 %.
“Oil prices have fallen this week because investors have reduced war risks and reduced war risks during the Gaza ceasefire, while at the same time Were ready to change Trump’s energy policy.
He added: “Now, Trump, as predicted, is unpredictable and oil prices for fluctuations > Set up. ”
Trump on Thursday (February 4th) at the World Economic Forum at Davos Switzerland. (OPEC) and Saudi Arabia want to reduce crude oil prices.
He also called on Riyadh to bring US investment package to $ 1 trillion, while Saudi Arabia’s state-owned news agency reported $ 5 billion.
US President announced Monday (February 1st) as soon as its work began for the United States, and the environmental restrictions on energy infrastructure as part of a comprehensive plan for maximum The delivery of US oil and gas production was canceled.
“Washington is considering a 5 % tariff for China,” said Trump on Wednesday, saying that it is considering a 5 % tariff for China. / P>
YP Jean Rong , Strategist Market at the IG (IG) said: Given the change in the possible time table in February for Trump’s proposed tariffs, the precautionary trend is likely to continue because any new trade restrictions will have negative consequences for global economic growth and potentially. The vision of oil demand affects.
He added that traders expect oil prices to be $ 1 and $ 2 to $ 5.
“While incremental factors such as significant reduction of US crude oil storage, make temporary positive fluctuations, such as significant reduction in US crude oil storage, the global market for overall supply and forecasts. Poor China’s demand continues to affect future oil prices.
US Crude Oil storage has reached its lowest level since March 5, according to the US Energy Information Bureau.
The US Energy Information Bureau report released on Monday (February 1st) on Monday (February 1st) reports that crude oil storage in the week ending January (January 1 January 2) decreased by one million barrels to 6 million barrels, which shows the ninth weekly decline.
