The trade conflict between the two largest economies prints oil prices

Oil prices, with the fear of the damage of the trade war between the United States and China, dropped through global growth to the declaration of Washington, its intention to increase economic pressure on Iran. Brent -Ru oil fell by 0.3% to settle at $ 76.2 a barrel, and the Western Texas midst “rough fell by 0.6% to settle on less than $ 73 a barrel. US rough recovered from a previous 3.4% drop, which was driven by the possibility that mutual rates would have reduced to the loss of their loss. Iran. The price levels are temporarily lower than those who ended last year, for the first time this year. -Ligs unilaterally. ”On average, the United States sent about 250,000 barrels of crude to China last year, which is a relatively small size. But the increase in trade disputes between the two largest economies in the world can have a broader impact and this could affect world consumption. The commercial confrontation between the two countries is a contradiction with Trump’s position on Mexico and Canada, as he agreed to postpone the fees prescribed for them, as the two countries agreed to take more strict measures to combat immigration and drug trafficking. This confrontation came at a time when China markets were closed due to the new lunar holiday. Also read: After postponing Trump, it set fees on Canada and Mexico. Did China come? Oil -futures have faced difficult weeks, as prices rose at the beginning of the year due to the cold winter in the Northern Hemisphere, and the recent US sanctions against Russian oil flow, before shrunking the profits after Trump held office, and threatened to impose comprehensive customs definitions that could hinder worldwide growth. Fear of the request also remains, with the decline in manufacturing activity in China, the largest importer of crude oil, unexpectedly for the second consecutive month in January.