Oil prices are on their way to achieving profits for the third week

Oil prices tend to achieve profits for the third week in a row, while the markets are preparing for a new wave of customs duties of the Trump administration, which is expected to be applied early next week. Brent oil was traded near $ 74 a barrel after closing 0.3% on Thursday, while the West Texas West RAW was below $ 70. The mutual fees, in addition to imposing the buyer of crude oil from Venezuela, will come into effect on April 2, in the latest round of US dollar duties that have shaken global markets. The evaluation of the effects of the fees has seen oil prices since the early month of March, as investors evaluate the impact of possible disorders in the supplies caused by the sanctions and customs imposed by Trump, while traders quickly purchased the decades of Saudi options to rush to potential price rises. Venezuela also increased her exports of crude oil to China to reach its highest level in almost two years. Anxiety reduces poor demand and the increase in the supply of the potential impact of crude oil sometimes flows, with negative expectations of large trading companies on the price of crude oil during the remaining period of the year. The “OPEC+” coalition is scheduled to return part of its stop production to the market, as part of a series of planned increases.