Oil prices stabilized after the rise on Monday, after US President Donald Trump indicated that the United States could try to reduce crude oil shipments from Russia, which is the third largest oil producer in the world and one of the most prominent exporters. Brent oil was traded for June contracts near $ 75 a barrel, after rising 2.8% on Monday, the largest increase since mid -January. The Western Texas also exceeded the $ 71 level. Trump threatened to impose the such “secondary rates” on Russian oil buyers, which could affect its flow, as part of his efforts to end the war in Ukraine. The United States is also preparing to impose other commercial fees and procedures on Wednesday in a step that Trump describes as “Liberation Day”. White House press secretary Caroline Levitte refused to provide details on mutual customs duties and the countries affected by them and emphasized that there are no exceptions at the moment. “Conflicting factors ended the first quarter of the year at a very close level of what it started, despite the violent fluctuations in prices, as the market ranged between conflicting factors, which include geopolitical risks, expectations of surplus in supply, and the production of” OPEC+”alliance from this month. Customs -duties are harmed global growth and energy question.
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