Oil prices have dropped to four days of profits, as investors are waiting for a clearer signal over stocks, and at the same time they follow the broader market consequences after dismissing US President Donald Trump’s attempt to dismiss a member of the federal reserve. Brent ruol fell at $ 68 a barrel, while the intermediate rough of West Texas was circulated near $ 64. The Ministry of Internal Security issued a draft notice on Monday to double the fees on all Indian imports, to punish the country for the purchase of Russian crude oil, to start implementing on Wednesday. The move comes within a greater effort to reach a peace agreement between Russia and Ukraine. On a larger scale, the shares and assets at high risk dropped after Trump’s dismissal to Federal Reserve Lisa Cook, who expressed concern about the independence of the central bank, at a time when the data indicated a slowdown in the economy, including the labor market. In the long run, this can negatively affect energy consumption. The market determines the impact of customs duties. The movement of oil is most of August on the close range, while clients assess the impact of US drawings, as well as the effects of the “OPEC+” chain of “OPEC+” chain. Earlier this month, the ‘International Energy Agency’ warned that the global oil market was heading to a record surplus next year, with the slowdown in supply and demand enlargement. “If we continue to double the fees on India, the market will benefit from the flow of Russia, and we can see that the prices of prices are at the close term of about $ 70,” says Robert Rene, head of commodity and carbon research at Westpack Bank Corp. Regarding the plans of customs duties, Trump also indicated that he could impose additional fees on Russia’s commercial partners, or sanctions that target Moscow, if there is no progress in the agreement, warning of ‘very major consequences’ if nothing happens in the coming weeks. The Indian government described the so -said secondary fees as unfair.
Oil prices fall amid anticipation of signs on Russia’s supplies
