The high oil prices after Trump confirmed that there was no intention of dismissing Powell

Oil prices have risen after President Donald Trump said he did not intend to reject Federal Reserve Jerome Powell, while a report from the sector indicated a significant decline in US crude shares. The ‘West Texas’ rough ascended the mediator to exceed $ 64 a barrel, and US stock -futures jumped on Tuesday night after Trump’s statements about the Federal Reserve chairman. The president’s criticism of a cure caused a global sale wave on Monday before the oil futures and other financial assets are registered in the next session as part of his losses. Rough prices came up with speculation on Tuesday that Iranian oil flow could shrink after the United States announced sanctions against the LNG Empire Asadallah Imam Jumaa and its commercial network. The Trump administration has previously promised to exert “maximum pressure” on Tehran. According to the US Petroleum Institute, US crude shares fell by 4.57 million barrels last week. It will be the biggest decline since November if it is confirmed by official numbers later Wednesday. Despite this increase, oil is still on its way to a significant monthly loss, amid fear that the growing tensions between the United States and the most important commercial partners could hinder economic growth and reduce energy demand. At a closed summit for investors, US Treasury Secretary Scott Payette said the customs confrontation with China could not continue, and that the two countries would have to find ways to ease the escalation.