Oil prices are settled after Trump's promise to impose fees on the import of multiple goods

Oil prices stabilized on Monday after a 2%decline, with US President Donald Trump promised to enter a wide range of customs tariffs on imports, including on some important industrial goods. Brent ruol was traded near $ 77 a barrel, while the crude trade in the Western Texas was over $ 73 a barrel. Trump said he would impose customs definitions on some of the goods produced abroad abroad, to force producers to manufacture it in the country, including steel, aluminum and copper products. Meanwhile, Scott was confirmed as Treasury Minister, and the Financial Times reported that it supported comprehensive customs tariffs starting from 2.5%. During the hearing, the imposition of more striking restrictions on Russian oil supported, while also saying that the United States could ‘make Iran poor again’ by sanctions. Also read: The Senate approves the appointment of Scott approves as Minister of the US Treasury in Canada. The Prime Minister of Alberta said that the country should prepare for the customs tariffs on the first of February, the date that Trump revealed in previous statements as a date to impose customs duties on Canada. More than half of the United States imports of RU comes from the northern neighbor, most of them from Alberta. Stay tuned in for the “OPEC+” meeting, rough prices have been modest since the beginning of the year, as prices have risen as a result of a cold winter in the Northern Hemisphere, and the sanctions on Russian rough and delivery, but they have decreased with Trump threats for customs shakes that have shaken the markets. A decline came on Monday amid a definition dispute between Colombia and the United States, as well as broader world markets sales. Also read: Trump’s return will receive a shadow over the OPEC+insurance next month. Warren Patterson, head of the basic commodity strategy in the Ing group, said the news of customs duties “will affect feelings, and although it seems that the focus is more on minerals at the moment, the risk of escalation and broader customs tariffs is increasing.” Looking at the future, oil traders expect the OPEC+coalition to meet at the current show policy next week, and resist Trump’s pressure to improve production and lower rough prices. At the moment, the coalition is aiming to restore limited production, in monthly groups starting in April. The trading volumes in Asia are likely to be lower due to the coming Monday holidays.