World Oil Price Today Brent declined

reports

Price per barrel of oil Brent North Sea today rose by 2 cents to $ 5.5 % to $ 2 and 2 cents. Oil West Texas Interiorgy US is also traded at 2 cents, equivalent to a 4.9 percent reduction of $ 2, 2 cents.

Some White House officials have confirmed the halt to US military aid to Ukraine following Trump’s controversy with the president last week.
The market considers the increase in the dispute between the White House and Ukraine as a sign of the calm of the war that could lift Russian oil sanctions and bring more oil back to the market.
The White House has called on the Treasury Department and the US State Department to prepare a list of sanctions that could be negotiated with Russian representatives in the coming days.

but investment bank analysts Goldman Sachs believe that Russian oil flow is limited by the OPK Plus reduction plan. Will not have the rise of the country’s oil flow.

OPEC Plus’s decision for 6,000 barrels per day of production, which is the first of the first time, was another factor in lowering oil prices. The news, as well as concerns about the new US duties and its impact on the growth of the world’s economy, reduced oil prices by about 2 percent on Monday and reached the lowest level in the past six weeks.

Trump’s 2 % toll on imports from Canada and Mexico is implemented today. The United States has imposed 2 % of energy imports from Canada, and toll on Chinese goods has increased from 5 % to 5 %.

Analysts expect analysts expect these duties to reduce economic activity and reduce fuel demand. So the price of oil is also affected.