Oil prices continue with the increase in the trade war

Oil prices continued with the sharp wave of decline that led them to the lowest levels in four years, amid the increase in the trade war that threatens to undermine energy demand, at a time when investors are awaiting the entry of a new wave of customs duties. Brent -Ruol dropped by 4%and approached $ 60 a barrel, while Western Texas, the mediator of the fifth consecutive session, took off. Although the White House has expressed its openness about the conclusion of agreements with some commercial partners, the policy of reaction is in the same way between the United States and China – the largest oil importer in the world – and the escalation of Beijing, which caused the fear of the global economy. OPEC decisions and fees have decreased by about fifth of its value since the beginning of the year, in light of the approach of US President Donald Trump’s militant advertisement, which reduced investors’ appetite for high -risk assets to get oil with other commodities and financial markets in a serious and rapid decline. The decisions of the “OPEC+” alliance to reduce oil supply restrictions faster than expected caused the fear that the supply would exceed the amount of demand. “The escalation of customs duties weakens the prospects for the growth of the global economy, and increases the risk of taking the demand for oil. With the absence of indicators of calm, the risks to land remain.” Trump still pays a higher fee for about 60 commercial partners, which he described as “the worst”, with these fees coming into effect after midnight New York. Most importantly, the US president intends to move forward to impose up to 104% on many Chinese goods, in response to a new round definitions against Beijing. “If China does not announce a new round of revenge fees, Brent is likely to maintain a level higher than $ 60. If a new escalation occurs, we can see an extra drop at this level.” The basic market indicators indicate a rapid decline in balance. Among them is the width of the difference between “Brent” contracts next December and the contracts for December 2026, which entered into a state known as “” a market pattern indicating penetration, as short -term contracts are traded at a price of less than long -term contracts. Although most of Trump fees, in addition to the revenge costs of other countries, the flashing can rise by the rise of the flashing through the shelves of the flashing, which rips through the flashing, the giant ranking has risen by the flashing. The collapse of oil prices – except the decline in derivatives such as diesel – can reduce this pressure.