World Oil Price Today Brent was $ 2 and 2 cents
report Mehr News Agency has declined on Friday’s trading on Friday trading on Friday. The instability of the growth of the world economy and the demand for fuel caused by the threat of Washington’s tolls, as well as the slow signs of the US economy’s growth, have surpassed concerns about supply.
Brent oil North Sea today dropped by 2 cents to $ 1.5 percent to $ 2 and 2 cents. Oil West Texas USE is also traded at 2 cents, equivalent to $ 1.5 percent, $ 2 and 2 cents.
Both of these oil indices are on the verge of the first monthly decline in the past three months.
Analysts believe that many factors, including the fear of slowing the growth of the US economy, the OPEC Plus plan to increase supply in April, and the hope of closing the peace treaty in Ukraine have reduced investor risk and lower prices.
US President Donald Trump said on Thursday that 5 % of the tolls for imports from Mexico and Canada will be implemented from March 4. 2 % of additional effects on imports from China are also imposed.
Market participants have been having trouble examining the impact of many policies adopted by the Trump administration this month.
The demand for unemployment in the United States has increased over the last week, and the growth of the economy has slowed down in the final quarter. These factors affect investors’ sensitivity.
Trump on Thursday canceled the license of the Grand Oil Company to operate in Venezuela, raising concerns about ‘s bid and thus rising more than 2 % of oil prices.
With the cancellation of this license, there is a need to negotiate a new contract between the US company and Venezuelan oil company for export of crude oil to other things than the US.
The OPEC Plus Coalition has doubted the increase in production since the new sanctions against Venezuela, Iran and Russia.