Petroleum goes up despite the waiting for advertisement about the new Donald Trump tariffs

Petroleum goes up despite the waiting for advertisement about the new Donald Trump tariffs

The oil prices They upload this Wednesday, with the operators to the Waiting for American tariffs that will be announced this afternoon at the close of the markets, for fear that they can exacerbate a World Trade War and stop the demand for crude.

The Brent futures They climb 0.7% a $ 74.99 The barrel. The Futures of American crude west Texas Intermediate (WTI) They total 0.8%, a $ 71.94.

Investors ignored the inventory data of the American government, mostly bassists, which registered a surprising accumulation of about 6.2 million barrels last week, said the Energy Information Administration.

The White House confirmed on Tuesday that the president Donald Trump It will impose new tariffs on Wednesday, although it did not give details about the size and scope of commercial barriers.

Trump’s tariff policies could enliven inflation, slow down economic growth and regulate commercial disputes.

“The prices of crude oil have paused in the comeback of last month, with the Brent finding some resistance above 75 dollars, with the focus for now turning from a reduction of the offer driven by sanctions to the announcement of Trump tariffs,” he said Ole HansenHead of Saxo Bank raw materials strategy.

Oil: Operators attentive to Donald Trump’s tariffs

The operators will be attentive to the levies on raw imports, which could raise the prices of refined products, he added.

For weeks Trump promoted April 2 as the “Liberation Day”bringing new tariffs that could shake the world trade system. The White House announcement is scheduled for 5 pm in Argentina.

“The risk balance is down, since it is unlikely that weaker tariff measures of what is expected to promote a significant rebound in the Brent, while the strongest measures of what was expected could trigger a substantial sale,” BMI analysts said in a note.

Trump also threatened to impose tariffs secondary to Russian oil And Monday increased sanctions to Iran as part of the campaign of “maximum pressure” of your government to reduce your exports.

Source: Ambito

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