Brent is aimed at a decline of 3.9% in the week, for 4.5% of WTI, due to economic perspectives affected by tariffs.
The prices of oil They went up on Friday, but They are aim to close the week with their most pronounced losses since the end of Junedue to economic perspectives affected by tariffs and a possible meeting between the president of USA, Donald Trumpand his Russian couple, Vladimir Putin.
The futures of Brent They earned 52 cents, or 0.8%, au $ 66.95 the barrel, and those of the West Texas Intermediate In the United States they improved 43 cents, or 0.7%, au $ S64.31. He Brent a decline of 3.9% in the week is aimed at 4.5% of WTI.
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Trump and Putin during the summit in Helsinki, in July 2018.
Argentine news
Tariff and Trump dispute with Russian oil
Anz Bank analysts indicated in an article that the increase in duty of USA A series of commercial partners entered into force on Thursday, raising concern about economic activity and demand for crude.
The last tariffs arrive in a context of a weaker American labor market than expected and Thursday’s announcement by the Kremlin that Putin and Trump will meet in the next few dayswhile the commercial tensions between Washington and the oil clients of Russia increase.
Trump threatened this week with increasing india taxes if he continues to buy Russian rawwhat the market considered a greater pressure on Moscow to reach an agreement with Washington, said independent analyst Tina Teng.
Trump also said that Chinathe largest buyer of Russian crude, It could be affected with tariffs similar to those applied to Indian imports. The possible meeting increases the expectations of a diplomatic ending to war in Ukraine, which could lead to a relief of sanctions to Russia.
Source: Ambito
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