The United States has not introduced new duties for oil, natural gas and other energy, but prices are still reduced.
World prices for oil references have fallen significantly because of the newly imported duties declared by US President Donald Trump. This has been proven by the results of trading on Thursday, April 3.
Thus, June Futures in various Brents in the Ice Futures London Exchange dropped to $ 71.69 per barrel, which was $ 3.26 (4.35%) below the level of closing of the previous session.
WTI oil futures in May at the New York Commodity Exchange (NYMEX) electronic auction decreased in price of $ 3.32 (4.63%) to $ 68.39 per barrel.
Western agencies have written that the new duties of the United States will reduce demand for energy sources, but strengthen the trade war that threatens the demands of the world. At the same time, oil sources, natural gas and energy are among the goods that do not apply to the White House, which prevent direct influence on fuel markets.
Remember, on April 2, US President Donald Trump announced the introduction of major duties to imported goods from most countries of the world. He called it America’s “Day of Liberation”.
Meanwhile, the EU leadership and the power of China will strongly affect the new roles of the United States.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.