Petroleum falls for the third day followed by fears that the commercial dispute between the US and the EU cool the demand.
The prices of oil they went down on Tuesday by Third consecutive session Before the concern that the Commercial War that is coming among the main consumers of rawThe United States and the European Union, stop the growth of fuel demand by reducing economic activity.
Brent’s futures yielded 1.2%, Au $ S8.39 El Barril, and those of the West Texas Intermediate in the United States (WTI) subtracted 1.2%, AU $ S65,15.
“Oil prices fall for third consecutive session (…) as Emergency increases in commercial negotiations between the United States and their partners“Soojin Kim, an analyst at Banco Mufg, said in a note.
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Tariffs: August 1, deadline
The US government set August 1 as deadline so that countries ensure trade agreements or face strong tariffs.
The EU evaluates a broader set of countermeasures against Washington as the perspectives of an acceptable commercial agreement with Washington void, according to community diplomats.
The United States threatens to impose a 30% tariff on EU imports if an agreement is not reached.
The weakness of the dollar limited some crude oil lossessince buyers who use other currencies pay relatively less
Source: Ambito
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