OPEC + AS OPEC + lifting and tariffs protect global growth fears

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Oil prices on Thursday and Shares of the manufacturers OPEC +, such as OPEC + swept the fears of the global economic slowdown, announced their plans to increase crude exit.

Eight OPEC + members, including Saudi Arabia and Russia, said they would increase the planned increase three times oil Production in May brings a commitment to reduce production in the next 18 months.

Portable, US President, came a few hours after Trump, Set the new tariff mode Investors said that it is heavier than expected and raised the risk of global economic recession.

The twin events, afternoon trade, the afternoon trade in the afternoon trade, global criterion, up to $ 69.60, reduced the global criterion for $ 69.60. WTI, the US criterion, fell from 7.6 percent to $ 66.21.

Shares in oil producers fell to the threat of low raw prices. In New York, in 1 PM, 4 percent in ExxonMobile 113.63, Chevron increased by 5 percent and lowered 9 percent to inhuman oil.

The S & P 500 energy sector index fell more than 6 percent.

Despite concerns about the damage of global growth tariffsEight Opec + Member, 411,000 barrels in May, they will increase 411,000 barrels from the previous target between 122,000 b / d.

Members holding a virtual meeting on Thursday said they decided on the “continued healthy market basis and a positive market outlook.”

OPEC + members have reduced the integrated product to almost 6mn b / d to push higher prices higher than the last three years. It was initially effective, it helps to be above a barrel above $ 90 for most of the 2022.

Due to weak demand increases, the cuts were less effective over time, another place and the growing oil was transported over the quotas of some Opec + members. In response, the Saudi Arabia-LED group began to cancel some measures this week.

The decision is, like Kazakhstan, as Pumpanan and Saudi Arabia, such as Saudi Arabia, as well as Saudi Arabia followed by the decision.

“It is a way to put up matching, laggards,” he said.

The decision was the hardest shot of fat commodity On Thursday, but also prices for several others, including copper, aluminum and uranium, fell despite the white house, which released metals from tariffs.

Benchmark London’s copper prices, aluminum fell by 2,400 percent in 2 percent.

“Tariffs and general trade escalation are likely to cause higher prices and inflation … (and) will probably affect the US economic growth and global economic growth,” Benchmark said Bryan Balle, political and geopolitical pole.

The fear of global recession and the risk of higher inflation can also be demand for key metals, including copper.

Analysts at the benchmark may have suffered that the products used as a requirement, tariffs, aluminum boxes and household appliances, he said, he said.

Additional report by Jamie Smyth in New York