Oil prices stabilize pending the clarity of Trump's commercial policy

Oil prices stabilized while investors were waiting for the clarity of the US administration’s business plans, as Donald Trump’s candidate told the position of Minister of Trade that Canada and Mexico may avoid fees. Brent -ruol was traded more than $ 76 a barrel, while the between Western Rews of West Texas settled nearly $ 73, after the highlight of shares on Wednesday contributed to pushing the US futures to the lowest level of closing this year. Howard Lottenic said the neighbor of the United States can avoid customs duties if they act on illegal immigration and fentanel. Previously, officials indicated that the fees came into effect this week. The high degree of uncertainty is reflected in the comments of Canada Bank, which lowered interest rates on Wednesday. Governor Tif Maclim said policymakers do not know what the United States will do or what the consequences are. Canada is an important source of RU for the United States. The oil was witness from the beginning of a turbulent year, as prices with the support of cold weather rose in the Northern Hemisphere, which increased the demand for fuel for heating, and the Joe Biden administration imposed a package of sanctions against Russian supplies. But the profits have since dropped significantly, with Trump’s promise to increase the local production of raw rough, and ask him from the OPEC+Alliance countries to reduce prices.