The oil prices They fall this Wednesday after Increased American inventories And concern for a New commercial war between Beijing and Washington They fed fears of weaker economic growth, counteracting the renewed impulse of the US president Donald Trump for Eliminate Iranian crude oil exports.
The Brent crude futures low U $ S1,47 cents, or a 1.9%, US $ 74.73 The barrel. He American crude West Texas Intermediate (WTI) loses U $ S1,44, or a 2%, to U $ S71.26.
Soft Commercial War: China and the United States scale in their battle of tariffs
Oil quoted on Tuesday in a wide range, with the Wti falling at a time 3%its minimum since December 31, after China announced tariffs to US imports of oil, liquefied natural gas and coal in retaliation to US taxes to Chinese exports.
However, prices recounted after Trump restored the campaign of “maximum pressure” about Iran to stop his nuclear program that he promulgated in his first mandate and reduced Iranian crude oil exports almost zero.
It should be noted that Trump postponed the entry into force of tariffs to Mexico and Canada After both countries promised to deploy 10,000 troops, each, at the borders with the United States.
Ongoing commercial tensions between the United States and China can stop oil demand, pressing down prices.
The Oil exports of Tehran They supposed U $ S53,000 million in 2023 and U $ S54,000 million a year earlier, according to estimates of the United States Energy Information Administration (EIA). Production for 2024 was at its highest level since 2018, according to data from the OPEC.
Another factor that pressed crude oil prices on Wednesday was the increase in crude oil inventories in the United States.
The increase in crude and fuel stocks in the world’s largest oil consumer is a sign of weakness of consumption, which adds to concerns about the impact of tariffs on the perspectives of the world economy and energy demand.
The existences of raw increased in 5.03 million of barrels In the week ended on January 31, according to market sources, which cite figures from the American Petroleum Institute (API). The inventories of gasoline increased in 5.43 million of barrelsand the existence of distilled They fell into 6.98 million barrelsthe API reported, according to the sources.
The official oil inventory data of the US government will be published on Wednesday.
Source: Ambito
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