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Wednesday 7 March 2018

Oil with a fall

Oil prices dropped on Wednesday after data suggest US stock growth, and financial markets have fallen as a result of fears of a trade war and the resignation of Trump's economic adviser.
US crude oil futures lost 1.28 dollars of value to a level of $ 61.10 a barrel, or a decline of nearly 2% a day.
Brent futures declined by 1.3 dollars to 64.40 dollars a barrel.
US oil inventories rose 2.4 million barrels last week, which was slightly below the analysts' average expectations of 2.7 million barrels.
Investors, however, sold the raw material as a result of concerns about the state of the world economy, in an environment of increased danger of a world trade war, which is unclear how it will affect the growth of the world economy.
Additional political tensions were also brought after the resignation of President Donald Trump's Chief Economic Adviser.


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