This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from Hibapress, the Arabic version:
Heba Press – Agencies
Oil prices have dropped more than 3% today, on Monday, to continue last week, while fueling growing trade tensions between Washington and Beijing, the fears of stagnation that would reduce the demand for crude.
At 9:25 am, Moscow Time, US gross term contracts for the middle of May decreased 2.84% to $ 60.23 per barrel.
While the term contracts on the crude Brent for next June fell 2.70% to $ 63.81 per barrel, according to trading. Before that, during trading, the two recordings decreased by more than 3%, recording their lowest levels since April 2021.
“It is difficult to see crude oil soil unless panic in the markets are calm, and it is difficult to see this happen unless Trump says something to stop growing concerns about the World War of Trade and Stagnation. »»
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