A slight rise in oil prices 3 days after decline

Oil prices rose slightly after a three -day decline, with a quieter tone returning to the global markets, while traders make the latest customs tariff movements by US President Donald Trump. The West Texas Raw exceeded more than $ 61 a barrel in the early Asian trading after the 15% collapse over three sessions. Brent ruol has closed more than $ 64, near its lowest level in four years. On Monday, Trump threatened to impose additional import duty by 50% on China, the largest importer of crude oil, despite the reference to talks with other countries. Stagnation fear affects prices, crude oil – along with other goods, global stocks and bonds – have seen disorders this month, as the US president continues with his aggressive commercial policy. These disorders raised the fear of global slowdown or recession that could jeopardize the demand for energy. At the same time, the “OPEC+” coalition made a greater increase in production than expected, affecting the expectations of the oil market balance. The escalation of the trade war in banks such as “Goldman Sachs” and “Morgan Stanley” has led to lowering oil prices for the upcoming quarters. The Societe General Bank has also reduced its forecasts, indicating the threat of the US definitions of the Chinese economy and the global demand for crude oil.