Oil prices have been in the midst of Trump's conflicting statements and the fear

Oil prices stabilized near the lowest closing level this year, amid the threats of US President Donald Trump to impose customs duties and a set of issues related to supplies. The West Texas Raw was traded by less than $ 69 a barrel after losing almost 3% during the previous two sessions, while Brent rough over $ 72 was completed. Trump confirmed that the planned customs duties against Mexico and Canada would not “stop”, but it did not specify the timing of its implementation. He also pointed out that the imposing definitions on the European Union are still being studied. Standard monthly losses have been on their way to its biggest monthly loss since September, as the increasing trading tension between the United States and its commercial partners affects economic expectations. This concern overpowered the potential impact of the strict sanctions against Iran, which the ‘Travigora’ group considered the greatest risk of prices, in addition to the possibility that the ‘OPEC+’ coalition again postponed the recovery of the stop production. Support issues: From Venezuela to Iraq in supplies, Trump said he intended to be the license of “Chevron Corp.” to cancel. This allows it to work in Venezuela, which threatens to restore the Venezuelan economy. In the Middle East, Iraq announced an agreement with the Kurdistan region to resume the export of crude oil, but it did not specify a timeframe for the start of the implementation.