He oil price Texas Intermediate (WTI) lost 1 % this week, the second consecutive in red, and stood at 61.50 dollars, weighed by the commercial war initiated by the United States and its tariff climbing with China.
However, on Friday, WTI futures contracts for delivery in May rose 2.38 %, driven by the perspective that Washington stops oil exports Iranian.
- The Secretary of Energy, Chris Wright, said that as part of his maximum pressure on Iran on his nuclear program, he could stop his Oil exportPick up the Reuters agency.
“We can track the ships that leave Iran. We know where they are going. We can stop the Oil export Iran, “he said.
China tariffs
China announced Friday that raised tariffs to American goods At 125 %, a 145 % tariff countermelted imposed on Chinese goods.
The situation especially concerns Energy marketbecause the Chinese economy is the second largest in the world and has a huge demand, which makes it the largest importer of the planet.
Risk of recession
The Perspective of a commercial war That leads to the recession and reduces the global energy demand worries the market, as well as the increase in production announced by the OPEC+ for May.
Meanwhile, the administration of Energy information of the US yesterday reduced its global growth forecasts, as well as the country’s demand forecasts, and warned the impact of prices tariffs.
On the other hand, the Commercial crude reserves They rose for the second consecutive week, in 2.6 million barrels, although the total of 442.3 million barrels is below the average for this time. EFE
