Oil prices fall with the dominance of economic fears in the markets

Oil prices have dropped to the lowest levels in six months, with fear increasing that American customs duties will undermine the world’s demand for energy. The price of “Brent” contracts, Mayo, fell 1.5% to close at $ 69.28, and the price of “Western Texas” contracts rose 1.5% to end the session at $ 66 a barrel, which is the lowest settlement price since September. US stocks have fallen sharply on Monday and lost all their profits since Donald Trump was elected president, with its commercial policy threatening economic growth. Meanwhile, the consumer inflation rate in China has dropped more than expected, and it was less than zero for the first time in 13 months. The reduction of the Saudi Crude Oil, the prices of crude oil were hit by a group of landfills, including the escalation of the World Trade War, OPEC+plans to increase the production and conversations to end the three -year war in Ukraine. This forced speculators to reduce the clear upward bills on Brent Crude, the world’s biggest fate since July, although they also reduced the dumping of the US crude oil. In the United States, Trump told Fox News that the economy is facing a ‘transition period’ after its policy on customs tariffs, while avoiding the expectations of the recession. Federal Reserve President Jerome Powell acknowledged the high uncertainty on Friday, but said officials did not have to rush to lower interest rates. ‘The previous week’ provided the equivalent of economic unrest. “Despite the ease of postponing the definitions of customs against Canada and Mexico,” the risk of American extremist policycenario has increased, which led to the one spark of one of the fastest liquidation operations in the busy momentum. In renewable energy sources, traders receive many market expectations from the “Sira Week” conference in Houston, which began on Monday.