Oil prices fall amid morale to avoid risks in the markets

Oil prices have fallen amid morale to avoid risks in the broader markets, and increasing consensus that trade and foreign policy of US President Donald Trump’s administration will rely more on customs tariffs instead of restrictions limited to supplies. Brent ruol fell 1.8% by 1.8% to settle at $ 77.08, and the Middle -West -Texas fell by 2% to establish near $ 73 a barrel, which withdrew with shares, as concerns about Chinese emerging artificial intelligence enterprise “DeepSeek” led to a collapse in US stock market. The stumbling of economic activity in China, the largest oil importer in the world, the contraction of the factory activity and the decline in the profits of industrial enterprises, which also adds opposite winds to the market. Last week, Trump destroyed the stability of the markets by issuing assignments to impose customs on Colombia due to a dispute over migrants before stopping the procedures after the country agreed to its conditions. He also threatened to take measures against China, Canada, Mexico and the European Union, while requesting the countries ‘OPEC+’ to help reduce prices, and argued that the decline in russia could deprive Russia of revenue and stop the war in Ukraine. Trump wants to lower oil prices, said Analas at Statigas Securities, said these moves help decipher the prize gains associated with the last round of US sanctions against Russia’s RU. He added that market participants realized that “although the Trump administration will not be able to significantly reduce prices by raising production, it will certainly not seek a political agenda that proactively increases oil prices in the light of sanctions.” The low prices were exacerbated by the algorithm dealers who got rid of their positions after the price of futures entered the $ 75 range, according to Daniel Ghali, the strategy of basic commodities in the “TD Securities” business. He added that the quantum funds also work to reduce debt amid the market decline, which contributed to the sales activity. The mediator “West Texas” is still slightly higher this year, with the support of cold weather in the northern half of the world, and the sanctions imposed on Russian oil that motivate the refineries in Asia to search for alternative supplies. These purchases left the most important market indicators, known as the time differences (the difference between the two nearest decades of RU) at high levels, as the nearest contracts were significantly higher than the farthest decades. Meanwhile, an official said production in the giant Rumaila oil field in Iraq is still low by about 300,000 barrels a day after a fire last week. This was partly compensated by the high production in Kazakhstan, where production reached a record level of more than two million barrels per day on Sunday, according to a spokesman for the country’s Ministry of Energy. In Russia, the Rayzan Oil refinery stopped its activities after an attack by the Ukrainian Drones late last week, according to Reuters.