He The price of the barrel of oil It continues in free fall – in its friend types as texas – and after the US announces mutual fees and the new day chain of strong changes after the subsequent response from China. Win Ecuador in Friday Session, the price of the barrel Brent -Arobian reference- 5.7% first. Go back to 65.44Thus descends at the minimum levels of 2021. Experienced a similar trend Wti “US note- Its contribution is worsened from 7.6% to 64.78 DollarsIts lowest level in four years.
For the increase in the sensitivity of the crude oil market, it leads to a visual of excessive inflation and economic growth, which increases the unexpected notice of OPEc. Saudi and Russia -led producer poster announced his plan on Thursday Expedite the lift of its restrictions and pump three times from May In the initial amount scheduled.
“Petroleum prices have met a strong waterfall because market fees are struggling with vulnerable impact and an unexpected increase in OPEC+,” warns Warren Patterson, president of the ingredient in the Strategy of the ING research. ” “Trump wants low oil prices is not secret He has pressed the Saudis to increase the offer. This latest step may indicate that Trump is more successful than many by persuading the Saudi to increase the offer, ”says the expert.
There is a situation where the President of the United States has already warned last January, quoting more than $ 75 for oil price barrel, barrel, It is his will for Saudi Arabia and Obeck to alleviate the price of crude Federal Reserve (Central Bank) can lead to apostle to reduce interest rates. If one takes into account that the currency markets are dismissed from a quarter -finals, if one takes into account that its scheme is dismissed by the end of this year, a team of inspectors’ inspectors said. Bloomberg.
If the oil continues to get rid of the supply and demand, Analysts will reduce their predictions as long as the market is balanced. Therefore, the estimates of oil fascists such as JP Morgan or City Group, which are indicated at the end of this year, will be pointed out at $ 60 for a barrel at the end of this year, and then will be fulfilled soon.
Other raw materials, such as copper, also experience strong changes. The impact of the worsening of business war is obtained in a strong dissolution of industrial metals and mining. In this situation, Note metal prices fell 5% As a fluctuation of up to 9,000 per ton, it is its biggest drop since July 2022.
