Oil prices are still falling in the midst of expectation to reduce Trump's customs duties

Oil prices have deepened its decline after US Minister of Trade Howard Lootnick said that the Trump administration could withdraw some definitions imposed on Mexico and Canada, which brought more uncertainty to the global markets. The crude oil “West Texas” fell to below $ 68 a barrel after losing 3% over the past three sessions. Brent was closed near $ 71 on Tuesday. Lootnick is not clearly specified in the measures that President Donald Trump thinks, but he excluded the idea of ​​canceling the entire fees, according to his statements to “Fox”. The oil has fallen since mid -January, as Trump’s commercial policy has increased the possibility of commercial wars on various fronts, which could affect energy demand. The most pessimistic oil options traders are considered the most pessimistic options in five months due to concerns about the effects of US definitions, and OPEC+plans to stop production again. Trump fees can strengthen global crude oil flow depending on their final form. Mexican oil can be directed to regions such as Asia, and the Latin latins from definitions to the United States can grow, and fuel buyers on the eastern US coast will have to use to Europe. Elsewhere, China set its economic growth goal for 2025 at 2025, according to a “Bloomberg” government report, which increases expectations that officials will launch more incentives while confronting a trade war with the United States.