Oil prices rise as markets are prepared for Trump fees

Oil prices rose in the first week of the week, as the market is prepared for customs duties imposed by President Donald Trump on major commercial partners of the United States, including China, which increases the possibility of introducing retaliation measures and varying markets. Brent raised rose above $ 73 a barrel after registering the largest monthly loss since September, while the RU terms “Western Texas” were traded near $ 70. The date for the imposition of customs duties can be postponed on China, Mexico and Canada, which will begin on Tuesday, but it will probably be temporary. The fears for commercial wars on various fronts have President Donald Trump’s threats to apply extensive customs definitions to a number of countries about feelings in markets, as Brent -Ru has taken a falling trend since mid -January. The hedge funds have reduced its net long centers in the Western Texas rough, to the lowest level of 2010 to February 25. The fees imposed on Canadian and Mexican oil, as well as threats to cancel the consent to allow Chevron to produce and export Venezola -Ru are about 80% of US guts in danger. This can lead to increased cost of refineries, at a time when treatment has intensified to historically high levels. The market will also monitor any comments on stimulus measures of the largest political event in China this year. The delegates meet in Beijing on Wednesday. In a related context, Iraq appealed to international oil companies operating in the Kurdistan region on Tuesday to resume the suspended flow about two years ago. The possibility of resuming exports from the region recently rendered prices.