Fear of Trump's policy pressure on oil prices

Oil prices have dropped along stock markets, amid US consumer confidence, which has contributed to the growing concern that US President Donald Trump’s policy will impede economic growth and drain energy demand. Brent ruol dropped by 2.4% to $ 73.02 a barrel, while the West of the West Texas waisted “fell 2.5% to close less than $ 69 a barrel, the lowest closing price this year. Escape. The recent movements and recent movements to continue the economic association with China, which led to a decline in Asian stock markets, already have darker expectations about energy in the largest oil consumer in the world. 80 dollars rose before it dropped amid continuous expectations for the weakness of Chinese demand, the possibility of pumping more vessels in the market, and the possibility of customs duties affecting global growth. Earlier this week, the United States imposed more restrictions on brokers, ships and individuals, which they believe are linked to illegal charges of Iranian oil. The response of the market was limited to additional sanctions as it expects to quickly adjust the trade by transporting oil from one ship to another, or to disrupt the geographical location signals for longer periods, which are similar movements that followed Russia to retain the flow of its oil exports despite the restrictions. “The sanctions are not the luxurious factor that much awaits unless we see that real efforts to detect tankers, and impose a sea block on them with violence, an unprecedented level of escalation,” says Joe de Laura, a former global trader and strategic in the Rabobank.