World Oil Prices Today Brent was $ 2 and 2 cents
reports Mehr News Agency quoted Reuters as saying that oil prices rose on Friday’s trading in Asia, but on the eve of the third consecutive decline. Donald Trump’s new trade war with China and threatening tolls over other countries have been the cause of oil prices lower.
Price per barrel of oil Brent North Sea today with 2 cents to $ 6.5 percent to $ 1 and 2. Sunnah arrived. Oil West Texas Intermediate America with 2 cents equivalent to $ 5.5 percent increase and $ 1 and $ 1. 2 cents traded.
Oil prices have been somewhat consolidated after a day of unstable businessmen to report US sanctions on Iranian oil exports to China.
The US Treasury said on Thursday that new sanctions on several individuals and oil tankers will impose Iranians to transfer millions of barrels of Iranian crude oil to China. This is the start of maximum pressure on Tehran.
But the rise in oil prices was very limited, which is a result of continuing concerns about supply and demand problems, including the possibility of increasing OPEC Plus and US production as well as the risk of tolls for global oil demand. P>
Trump has imposed 2 % of imports on imports from China to improve US trade balance, but has suspended severe tolls on Mexico and Canada.
Trump signed an executive order to re-apply Iran on February 4, which includes his commitment to zero the country’s oil exports. Iran is currently exporting more than 1.5 million barrels a day.
Trump’s re-emphasis on US oil production lowered oil prices on Thursday. Oil indicators are also under pressure to increase US crude oil reserves. The reserves have increased in the past week when demand has fallen due to refinery repairs and maintenance.
