Oil prices fall by more than 2% due to the fear of the effects of the trade war

Oil prices have fallen with US President Donald Trump’s escalation of his attacks on federal reserve chairman Jerome Powell due to monetary policy, at a time when the deteriorating trade war between America and China threatens to undermine demand for global energy. The price of ‘Brent’ RU, the June delivery, fell 2.5% to close at $ 66.26, while the Western Texas midste ” ‘dropped for the same to settle nearly $ 63, in the biggest decline since April 10. The fear associated with the request that returned to the top of the scene warned the countries to achieve the prime minister of the Prime Minister, and that is the prime minister’s interest, the prime minister of the Prime Minister, and that could do the prime minister’s interest, the prime minister of the Prime Minister. Shikiro Ishiba, announced that his country is not free from all the demands of America. ‘Western Texas’ crude oil contributed to the decline in the trading volumes during the Monday session. Ed Bell, head of the research department at Emirates NBD, said: “Oil seems to be taking a falling step amid a wave of general reluctance to venture,” and adds that “the prevailing mood over oil is still negative,” noted that the claims and slowdowns in global economic growth have decreased. Iranian core conversations could affect supplies in a separate development, Iranian Foreign Minister said that his country had reached a ‘better understanding’ with the United States on a set of principles during Saturday talks on Tehran’s core program. The talks lasted more than three hours, and it will resume on Wednesday in the sultanate of Oman, in conversations that could have an impact on Iranian crude supplies. Oil prices were a sharp decline this month, during which its lowest levels were touched in four years, amid investor fear that mutual escalation in customs duties between America and its commercial partners would lead to a decline in demand for RU. The pressure increased with the decision of the “OPEC+” coalition to reproduce faster than expected, which brought back to the forefront of possible evacuation in the offer.