Oil prices are rising after a US Court has stopped the Trump subject fees

Oil prices rose parallel to US stock markets, after a US commercial court ruled to stop the mutual fees imposed by President Donald Trump, which they consider illegally. Brent oil rose to the $ 66 per barrel level after it rose by 1.3% in the previous session, while the West Texas West ruol exceeded the $ 62 per barrel barrier. The extensive fees introduced by the Trump administration, together with the retaliation of the targeted countries, raised unrest in the world markets and expressed concern about an economic slowdown. The Trump administration will appeal the referee, who has suspended the vast majority of fees, including the high rates China imposed. The eyes are on their way to the “OPEC+” meeting, and the oil prices have been off since mid -January, amid the fear of the effects of Trump’s fees, while returning from stopping production with the OPEC+countries contributing to the increase in sales pressure. The most important members of the coalition will meet on Saturday to make a decision on the production policy for July, amid expectations of a significant increase in supplies. “Obviously, the market has received news headlines as positive in the risks,” says Chris Weston, head of the research department at Bieber Stone Group in Melbourne. But he added that the traders are “still fully aware of the current dynamics on the OPEC+offer.” In a related context, the US Petroleum Institute reported that US crude shares had decreased by 4.2 million barrels over the past week, according to a Bloomberg document. Official data is expected to be released later Thursday.