Oil prices are rising amid Trump tension

Oil prices have stabilized, while the market has recorded the consequences of President Donald Trump’s order to impose possible customs definitions on US trading partners. West -texas -Inintermediate crude oil exceeded $ 71 a barrel on Thursday, while Brent ruol was closed near $ 75. The US president has signed a proposal to represent new definitions based on each country separately, a measure that can take weeks or months to implement it, but it has increased the possibility of escalating trading tension. Customs duties on oil are scheduled to start with customs tariffs on crude oil from Canada and Mexico next month, as well as steel money, but the US oil industry is confident in the ability to obtain releases of the Trump administration, according to the American Petroleum Institute. Also read: “Bloomberg”: The production of Russian oil falls without the “OPEC+” goal of oil will earn slightly profits this week, which is the first since mid -January, to indications that US sanctions have shrunk the flow of Russian crude oil. However, President Trump and his counterpart, Vladimir Putin, agreed to hold talks to end the war in Ukraine, who speculated that the risk could be reduced. The sanctions introduced by Russia with Iran have encouraged the international energy agency to reduce its expectations over the global oil surplus. Expectations with stronger demand in Asia have helped reduce the agency’s estimates, according to the monthly report released on Thursday.