Oil prices hold together despite the chaos of Trump's fees

Oil prices have risen with market indicators showing signs that the recent declines are exaggerated, overwhelming the news of the possibility of a temporary ceasefire in Ukraine. Brent -ruol rose to May’s delivery by 0.4% to vest at $ 69.56, and the Western Texas West medium rose 0.3% to be more than $ 66 a barrel, recovering from the lowest closing price in six months. Ukraine said it was ready to accept a 30 -day -American proposal in the Russian War, which caused the expectations that Russian ru could flow freely in the near future. Oil remained firm on Tuesday, even with threats of Trump’s threats, which threatened to extend the decline in high -risk assets. Although the poor economic expectations have affected futures prices over the past few weeks, the chronological difference from the “West Texas” rough contracts, which is an important indication of the balance of supply and demand in the short term, remained steadfast in the structure of “” rising “, suggesting that the concern of the economic slowdown in the company is not in the company. high -risk -assets during this decline. “Rates and its insistence on the reduction of federal expenses have led to the pressure on economic expectations in the largest producer and consumer of crude oil. Other falling factors include” OPEC+”plans to increase production and poor demand in China. On a large industrial conference in Houston, managers of some of the largest oil and gas “Chevron Corp”, “Shell” and “Saudi Aramco”, fully support for Trump’s energy agenda. “Due to the poor concentration, the market shift does not require much trouble,” says Rebecca Babin, the CIBC Private Wild Group’s chief energy trader. She added: “In my opinion, it’s all hard addresses that can feed a short -term recovery, but the actual economic information remains concerned, which will eventually keep the rough under pressure.”