Crude oil prices have reached the highest level in the last four weeks
reports Brent North Sea has reached $ 2 and 2 cents a barrel, while the two traded on $ 2 and $ 2 and $ 2 and $ 2 and $ 2, respectively. Impressive US crude oil reserves.
US government data showed that crude oil reserves dropped by 5 million barrels last week, the biggest drop since December 5, and gasoline inventory has declined by 5 million barrels last week.
Pressure factors on global supply
US sanctions against Iran and Venezuela, as well as announcing new tariffs on oil imports from these countries. Indian company “ Ross Industries , the world’s largest refinery, will stop importing oil from Venezuela after announcing Trump’s tariffs.
The impact of car tariffs on oil demand
traders also evaluate the impact of the Trump Government’s 5 % tariffs on import cars. These tariffs may slow down the process of transition to cleaner cars as demand for fossil fuels decline.
Partial growth of US oil activities
US oil and gas activities in the first quarter of the first quarter, Are. This skepticism is due to uncertainty about political developments, commercial tensions, and long -term trends of renewable energy.
The oil market appears to experience significant fluctuations in the short term under the influence of the balance between demand and supply.
