Oil prices fall after Trump's threats to China and the European Union

Oil prices fell after President Donald Trump threatened to impose customs duties on China and the European Union, while traders continue to assess the effects of unprecedented US sanctions against Russia. Brent contracts decreased March to settle at $ 79 a barrel, while the West of the Western Texas midst was a barrel at less than $ 76 a barrel after swinging between profits and losses for most of the Wednesday session. The recent decline in crude oil prices has been partially driven by the downward repositions of the fear of renewed global trade wars, which include a 10% match. Tariff for China and the European Union, one of the largest energy markets in the world. Sachs Group warned last year that customs tariffs on Canada would lead to a high gasoline for US consumers. India expects supplies to be damaged, and the sanctions imposed on Russia’s oil still relax the market. State Financing Enterprise Indian Oil Corp said it expects supplies to be damaged by up to two million barrels per day as a result of these sanctions. Dubai rough prices have risen compared to other indicators, as traders scurry to obtain alternative supplies. Trump said it would probably impose more sanctions on Moscow if President Vladimir Putin did not negotiate over Ukraine. Raw prices are still high this year due to the sanctions against Russia and cold weather in the Northern Hemisphere. A historic winter storm on Wednesday caused severe texas cold to North Carolina, which led to the heart of local energy markets. Razan Hilal, a market analyst at Forex.com, said that “the tendency of upward oil for the year 2025 reflects an unsustainable bullish momentum, mainly powered with short -lived factors such as winter demand, and promoting short -term Chinese exports before the risks of the Sankers dollen,” Market analyzer. The last decline chain was reduced by the average movement of Western Texas, the mediator over a 200 -day period, which serves as a floor of losses.