New York/London (dpa -AfX) – the oil prices rose slightly on Monday. A more friendly atmosphere on the financial markets after a temporary back of the US government in the customs dispute supported the notations.
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The price for a barrel (159 liters) of the North Sea variety Brent for delivery in June cost $ 65.03 and thus 27 cents more than on Friday. A barrel of the US variety WTI for delivery in May was traded at $ 61.79 and thus 29 cents higher.
The US government now took on smartphones, laptops and other important electronics of special tariffs – including goods from China. The decision ensured a little sigh of relief on the financial markets. However, US trade minister Howard Lutnick emphasized that this is only temporary relief and new tariffs are already in preparation for precisely these product groups.
In general, uncertainty on the markets because of the aggressive US customs policy remains high and experts did not want to rule out further clear price movements on the oil market. Oil prices had fallen significantly in the past trading days and were only able to stabilize themselves at the end of last week.
In addition, reference was made to the most recent talks in the United States with the important funding country Iran. At the weekend there was a meeting of representatives of both countries in Oman, with both sides agreed another meeting. The talks are about solving a long-term dispute over Iran’s nuclear program, which raised hope of relaxing the US sanctions against the Opec country./JKR/SL/MIS