Oil prices went under pressure on Tuesday in the US trade course shortly before a huge customs package from the United States came into force against almost all countries.
Previously, a little relaxation had been indicated. A barrel (159 liters) of the North Sea variety Brent for delivery in June recently cost $ 61.72. That was $ 2.49 less than the day before. The price for a barrel of the US variety WTI for delivery in May fell by $ 2.18 to $ 58.52.
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The White House had excluded exposure to the higher taxes. China had also signaled not to give in. The EU Commission advises on countermeasures on the new US tariffs.
US President Trump does not think of an extension or delay in the tariffs, said spokeswoman Weißen Haus, Karoline Leavitt. She talked to Trump about it. The tariffs would come into force on Wednesday night at 0:01 a.m. local time (6.01 CEST). This also applies to special tariffs against China, which would then be 104 percent.
Customs policy remains the determining topic on the oil market. The expectation of global economic downfilling dampened the demand for crude oil. A number of US banks have recently reduced their forecasts for the oil price. Relaxation in the customs conflict is not in sight. If China does not take back his counter -tariffs, Trump wants to prove the country with additional tariffs of 50 percent.
New York (dpa-Afx)