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Oil prices fell on Monday while US signed Donald Trump to keep global tariffs in the global evening stock markets and increases in recession.
Brent crude fell 2.5 percent of $ 63.94 a barrel in the early afternoon in London – a drop of miraculous concerns that going into a sharp slowdown.
Trump’s “Day Liberation” ” TARIFF Last Wednesday followed the hours later by unexpected movement of The Opec + Coalition to develop oil output.
“I think it’s so intense. I think we’re still in a 2008 world yet, but definitely (expecting) a significant care of global analysis of Rystalem Energy.
Some analysts say falling wool Prices can be extremely low for some higher US cost producers, which can undergo Trump’s promise to develop domestic productions, or what he calls “drill, drill”.
However, the President appeared to welcome crude fall, promised to bring costs for US consumers.
In a Social Truth Post on Monday, Trump wrote:
In a note on Sunday, Goldman Sachs Analysts cut their price forecast in the economists predicted a “hazardous to shrink a crude on an average of 2026 and West Texas intermediate at $ 55 a gun.
“The risks of our reduction in oil prices remain reduced, because the risk of shrinking has grown and because the supply of Opec + can rise more than we think,” they added.
“Our economists also raise the 12-month-to-shrug problem from 35 percent to 45 percent and explain their recession to the recession of April 9 tariffs.”
Morgan Stanley, on a note on Monday morning, says 12.5 percent reducing the krogdas between the end of Wednesday and the end of Friday last week happened before recessions.
It lowers the case case in case of case for oil need for the second half of this year to about 550,000 bars a day.
“We estimate that our previous Brent Firecast in ‘High $ 60s’ in (second half) in the year will not reach and change it to ‘low $ 60’,” in addition to it.
In a warning for high profit profits, Ole Hansen, head of the Saxo commodity strategy, especially with our spending producers ..
The decision of eight OPEC staff + to bring plans to Repeated production cut It means that they will increase the output of 411,000 B / D in May, from a previous target of 122,000 B / D.
It follows the tenses between members to differentiate degrees following the production cut, which often pumps the Kazakhstan on top of its quota.
Parts of the mainly listed producers of UK oil fell on Monday morning, that the blast of 7 per cent and BP dropped 6 percent, underperformed in a wider market.