World Oil Prices Today Brent was $ 2 and 2 cents
reports
Price per barrel of oil Brent North Sea today fell by 2 cents to $ 5.5 % to $ 2 and 2 cents. Oil West Texas InteriorDite US is also traded at 2 cents, equivalent to $ 1.5 % and 2 cents.
US oil prices had reached $ 2 and 2 cents yesterday, the lowest from November 18th. Oil Brent had also fallen to the lowest number from 9/11.
The Organization of Oil Exporting Countries and its allies, including Russia, in the OPEC Plus coalition decided to increase their production for the first time. The coalition will increase by 6,000 barrels per day from April, equivalent to about 2 percent of global demand.
2 % toll on all imports from Mexico, 2 % of Canadian energy imports, and a 5 % increase in tolls on imported goods from China have been implemented yesterday. The Trump administration has also imposed 5 % of other imports from Canada.
For economists, the tolls that Trump has launched will lead to less employment, slower growth in the economy, and higher prices that eliminate demand. The decline in economy growth affects fuel consumption in the world’s largest oil consumer.
Businesses and analysts believe that the price of gasoline retailers in the United States will rise in the coming weeks, as rising costs increase energy costs.
