World Oil Prices Today Brent was $ 2 and 2 cents

Reuters quoted oil prices on Monday trading on Monday. Worry about the impact of US import duties on world economy growth and fuel demand as well as increased production of OPEC Plus coalition producers has reduced investors’ willingness for more risky capital.

Price per barrel Brent North Sea today rose 2 cents to $ 5.5 % to $ 5 and 2 cents. Oil Texas Texas Intermediate US is also traded at 2 cents, equivalent to $ 1.5 % and 2 cents.

US Petroleum is experiencing the seventh consecutive weekly price decline, which has been the highest price decline since November 2008. Oil prices Brent will also decline for the third consecutive week. Import duties from Canada and Mexico as the largest US oil suppliers, as well as increased tolls on Chinese goods, have been the reasons for lowering oil prices. China and Canada have imposed retaliatory tariffs on their products.
Analysts believe that US tolls ‘instability, concern ‘ s economic growth, the possible lifting of Russian oil sanctions and the increase in OPEC Plus production affected oil prices. But oil prices are expected to remain between $ 1 and $ 2 a barrel this week and then rise to $ 5.

Trump’s statements about rising sanctions against Russia if the ceasefire fails in Ukraine to increase the price of oil in Friday trading.

The US also is currently investigating the reduction of Russian energy sanctions if the war ends in Ukraine.
In the OPEC Plus Coalition, the OPEC Plus Coalition announced that they are starting their production in April.

Alexander Novak ‘s deputy prime minister on Friday that OPEC Plus would abandon this decision if the market instability.

Trump spoke last week about negotiating with Iran to prevent the country from accessing nuclear weapons, but Iran has repeatedly stated that it has not sought nuclear weapons.

Trump has taken the maximum pressure campaign against Iran and has canceled Iraq’s exemption for paying Iranian electricity money.