London (dpa-AFX)-Oil prices forced their descent on Wednesday after the US CONTENT PACKT came into force and have fallen to the deepest level since 2021. A barrel (159 liters) of the North Sea variety Brent for delivery in June dagged around four percent and $ 2.42 to $ 60.40. A Barrel Brent last cost less than $ 60 in early 2021.
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Before the announcement by US President Donald Trump to cover the world with tariffs, the price of Brent oil was still almost $ 75. The minus now amounts to almost $ 15 or around 20 percent. It looks similar in the US variety WTI. Here the price for a barrel for delivery in May dropped four percent to $ 57 on Tuesday morning.
The country-specific special tariffs announced by US President Donald Trump have been in force since this morning. Since midnight American times (6:01 a.m. CEST), numerous countries have applied significantly higher taxes – especially for those with whom the United States have a particularly high trade deficit.
For each affected country, an individual duty rate was set, which in addition to classic import levies should also map other trade barriers. From this, the corresponding US customs is derived to imports from these countries./ZB/MIS