He oil has risen with force this Tuesdaybefore the relaxation of commercial tensions, after the agreement reached between the US and the EU, already measure The tension between the North American country and Russia grows on the occasion of the war in Ukraine. This way, The WTI has won 3.91% in the sessionup to $ 69.32 per barrel, while raw Brent, reference in Europehas advanced 3.75% and has been located at $ 72.67.
David MorrisonSenior Market Analyst of FCA, highlights that these increases occur before the «renewed hope about the perspectives of world trade. «
«This occurred after the news that the US and the EU had reached a Commercial agreement with a 15% tariff on EU exports to the US, Half of the 30% tariff with which President Trump recently threatened. The crude was also driven after President Trump announced a period of 10 to 12 days for Russia to begin to reduce his war with Ukraine or face new sanctions to his energy exports. This new term is much less than the 50 days that Trump announced at the beginning of the month, «he explains. For his part, the analysts of TD Securities They point out that the price of oil rises «in the face of the concern that the conflict between Israel and Iran can be worsened and that the United States imposes very strict sanctions on Russian oil, which, together, could drastically reduce the supply and generate tensions in global markets. «» Hope of a comprehensive commercial agreement between the Trump administration And the main commercial partners of the United States, together with the solid seasonal demand, also maintains world oil prices, «they add. Facing the future, they consider that» markets eventually They will stop assigning a risk premium and they will focus more and more on the pending disproportionate surpluses and the inventory increases that will materialize in the next quarter. » We project disproportionate surpluses that, as expected, will reduce the price of WTI crude to an average of less than 60 dollars By barrel during the same period, «they anticipate.
