The Barrel Prize for Brent oil, which rose up to $ 64.62 on Friday, completed the day with a level of $ 64.26. The Barrel Prize for Brentöl, today at 09.27, rose by 0.21 percent compared to $ 64.40 compared to the end. At the same time, the West Texas Art (WTI) found buyers for $ 61.12 crude oil.
When increasing oil prices, the concerns about the global trade wars and the weakening of the dollar were effective.
The US President Donald Trump signed the decree, including imported tariffs on April 2, the expectation of the global trade wars and led to a contraction of oil demand.
The spokesman for the White House, Karoline Leavitt's statement that Trump can achieve an agreement with China about the tariffs, creates short -term optimism in the markets, but experts, the US association of customs tariffs with national security policy, draws on global economic uncertainties.
In order to maintain exports despite the tariffs implemented by the United States, the federal states can also consciously appreciate currencies, and this situation can adversely influence exports through expensive US goods.
The weakening of the dollar compared to other currencies is a supporting element that supports oil demand. The dollar index has decreased to 99.014, with Trump's customs closing decisions and the trading tension with China increased to the lowest level of the past 3 years.
Technically speaking, brent oil is 69.56 dollars, resistance, $ 60.17 can be followed as support.
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