Oil still varies with the ongoing ambiguity in Trump's commercial policy

Oil has expanded its volatile course, as investors have continued to deal with sudden transformations in US Customs Duties, as futures returned to losses, after a short wave of relief that was suspended by US President Donald Trump’s decision to suspend a few fees. Brent ruol dropped below $ 65 a barrel after scoring his best daily profits since October, while Trump’s interim rough has turned off nearly $ 62. In light of the market of the market, Trump suddenly declared a 90 -day commentary on the mutual fees that affected dozens of countries, but at the same time raised fees on China to 125%. “Since there are no indications of an imminent calm in the trade war between the United States and China, the last refusal is unlikely to be a sustainable reflection in this direction,” said Zhou Mai, an analyst at the Caus Research Institute in Shanghai. The eyes are on their way to China and oil prices dropped to their lowest levels in four years, after US escalation in customs duties caused warnings across the global economic stagnation that would reduce energy demand. Meanwhile, the ‘OPEC+’ alliance has committed to accelerating the rate of reduction restrictions at a rate of expectations, which has increased the fear of greater glow in the global supply. China is the largest oil importer in the world, and high -graphics can negatively affect fuel and petrochemical consumption. Even before Trump returned to the White House, the consumption of gasoline and diesel in China saw a contraction due to the extensive real estate crisis, and also due to the expansion of the use of electric cars and renewable energy sources. With a reflection of the deep economic challenges the country faces, the data showed Thursday that the inflation of the consumer in March dropped the second month in a row, while factories’ prices continued to shrink for the thirtieth month. Parts of the Oil Term Curve are still in a condition, “a pricing pattern that decreases falling indications of the trading of the nearest term for a price lower than the longest term. the highest level tone.