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Friday 6 April 2018

Trump conducts moods on the oil market

At the end of Thursday's trading, Brent oil found the strength to return to positive territory and closed at around 68.50. The extinction of escape from risks brought temporary relief to the raw materials segment, which simultaneously had to put up with the strengthening of the dollar. But already at the start of today's trading the situation has changed - quotes of black gold opened with gap down and again traded below level 68.
A new wave of risk aversion, which covered the oil market, was raised by Trump, who spoke about considering the introduction of tariffs on Chinese goods for another $100 billion. After a small lull, this was another blow to the markets, which renewed concern over the incitement of a trade war. Considering that China is serious and has repeatedly expressed its readiness for this confrontation, after some time, Beijing can voice the next response measures, which creates an additional negative for risky assets.


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