Oil price today; February 7th; Brent reached $ 2 for 2 cents
reports Mehr News Agency Reuters quoted Reuters, oil prices on Tuesday have been proven that businessmen are investigating a new round of Trump’s tolls, which is 5 % on steel and aluminum imports. This will influence the growth of the economy and the world and the demand for energy in the world’s largest oil consumer.
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 USA also increased by 5 cents $ 1 and $ 1 and $ 1 and $ 1. 2 cents traded.
Donald Trump has increased complications on steel and aluminum imports to the United States by 5 % without any exceptions or exemptions to help these industries. But this increases the risk of a multilateral trade war.
These tolls damage millions of tons of steel and aluminum imports from Canada, Brazil, Mexico, South Korea and other countries.
The duties of the world economy and the growth of energy demand in the world slow down and reduce oil prices.
Trump postponed 2 % of imports from Mexico and Canada last week and 2 % of oil imports from Canada until March 1
He also imposed 5 % additional effects on imports from China, which also led Beijing to impose tolls in retaliation from the United States, including 2 % of its crude oil imports. It can be too.
On the other hand, most economists predict that the US Federal Reserve will not change interest rates by the next three months, which can affect oil demand. The Federal Reserve is at risk of increasing inflation. Holding interest rates will restrict the growth of the economy and slow the growth of demand for oil.
