By Arathy Somasekhar

The prices of Houston (Reuters) fell by 7% on Friday to establish its maximum in more than three years, while China increased the rates of North -American goods, increasing a trade war that has brought investors at a price in a greater probability of recession.

China, the world’s highest importer, announced that it will impose additional 34% fares on all North -Americans from April 10. Nations around the world have read retaliation after Trump increased the rate to more than a century.

Goods that include natural gas, soybeans and gold also immersed themselves, while world markets fell. The JPMORGAN Investment Bank said that it now sees 60% chance of a global economic recession at the end of the year, up to 40% above.

Benchmark Global Brent Futures set $ 4.56, or 6.5%, dropped to $ 65.58 on the barrel, while Future Cripe Texas West Texas lost $ 4.96, or 7.4%, to end $ 61.99.

In the low session, Brent fell to $ 64.03 and WTI reached $ 60.45, the lowest in four years.

During the week, Brent dropped by 10.9%, its greatest weekly loss in percentage terms in a year and a half, while WTI recorded its largest decrease in two years with a fall of 10.6%.

“For me, this is probably close to the dirty reasonable value until we have some indication of the amount of demand that has really been reduced,” said Scott Shelton, ICAP’s energy specialist.

“My opinion is that we will probably end up at $ 50 in the short -term deadline for the WTI,” Shelton said, warning that the demand would suffer in current market circumstances.

The Trump’s new rates are “larger than expected” and economic fall, including higher inflation and slower growth, so will the Federal Reserve President Jerome Powell, said in observations that indicated the set of potentially difficult decisions for the Central Bank of the United States.

OPEC+ increases

Price more prices for oil prices, the organization of oil -exporting countries and allies (OPEC+) decided to advance in the increase in production. The group aims to return 411,000 daily barrels (BPD) to the market in May, up to 135,000 BPDs previously planned.

A ruling of a Russian court that the export terminal facilities of the Consortium Caspi (CPC) Black Sea (CPC) should also be suspended. This decision could prevent a potential fall in kazakhstan oil production and supplies.

Oil imports, gas and refined products were exempt from Trump’s new rates, but policies could cause inflation, slow down economic growth and intensify commercial disputes, weighing oil prices.