Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
By Jesyn Lerh
Singapore (Reuters) – Oil prices are swollen on Wednesday, but the influence of the economic slowdown in the United States and the effect of tariffs with global economic growth.
Brent futures rose to 13 kopecks, 0730 GMT, 0730 GMT reached $ 69.69, while US West Texas Ara crude futures reached $ 13 kopecks, or 0.2%, 66.38 to $ 66.38.
Despite the advanced economic outlook, the oil stood in a positive position, Daniel Hynes, Headewat strategy in ANZ. “This is a sign that the close-term demand for raw remains stronger,” he said.
The dollar index, which fell by 0.5% to 2025 on Tuesday, increased oil prices by producing raw raw materials for buyers who occupy other currencies. (USD /)
“The month of global economic slowdown, which lifes the dollar counters, seems to be biased, it is short.
US stock prices fell on Tuesday, which also affected the oil market, adding it to the biggest sale of months, increased tariffs with investors with import and consumer.
“In today’s session, he stays fragile despite a little leap.”
“There are still the feelings of the oil market, probably the tariff developments still have clarity and sustainable concerns on U.S. growth risks,” the YAP added.
US President Donald Trump’s protection policies shaken global markets. He later postponed the tariffs on major oil suppliers in Canada and Mexico, but also lifted tasks in China, requires revenge measures.
The weekend, Trump, said that the “transition period” is likely to be the probability of the word and the decline of the United States.
In supply, US crude oil production is preparing to invest more than many assessments than previous calculations this year, an average of 13.61 million barrels per day.
Investors are waiting for inflation information for tips on the pace of interest on Wednesday. They closely follow Opec + plans. The producer group said he planned to increase access in April.
In the United States, on March 7, on March 7, the crude oil reserves increased by 4.2 million barrels of crude oil reserves, and market sources referring to the American Oil Institute officials on Tuesday.
The markets are now waiting for information about US shareholders on Wednesday for US distribution desires in the United States.
(Nicole Jao and Jaon Lerh’s report in New York; Himani Sarkar, Jamie Freed and Michael Perry Adjustment)
