The price of the barrel in the London market rose 1.9 percent last week, at 73.63 dollars, while in the US market, Barel raised 1.6 percent, to $ 69,363.
At the beginning of March, the prices of oil fell to the lowest levels this year, but since then they have risen more than 6 percent, Hina transmitted.
It is mostly due to Washington’s sanction. The first ten days ago introduced new sanctions on Iran oil, and last week the US President Donald Trump announced new 25 percent customs to customers of Venezuelan oil and gas.
Since they have long been in force of sanctions on Russian oil, it is clear that the latest restrictions will reduce the offer on the world market. “The supply is noticeable reduced due to the possible loss of Venezuelan and Iranian oil,” says June Goh, an analyst at Sparta Commodities.
However, significant growth in oil prices prevent fears from slow down the growth of the economy, so possible, which would weaken demand.
Namely, Last week, Trump announced a duty of 25 percent on the import of all cars from the beginning of April, and will publish the final plan on reciprocal customs to all countries charged by customs.
As many countries, among other things, Canada, China and the European Union, announced countermeasures, investors fear the escalation of the customs war. “The mood was largely dimmed by the fears of trade war and increased uncertainty in American politics,” I write analysts of JPMorgan in a review of the situation in the markets.
Despite grow three weeks in a row, the analysts estimate that the prices of oil will move in the narrow range because the traders are afraid that the customs war could lead to international trade and growth economies, and thus the demand for energy.
(Vijesti.ba)
