The oil prices have dropped on Tuesday and have thus stopped their increase in the past four trading days.
During the course of the day, they continued to expand slight losses from early trade. A barrel (159 liters) of the North Sea variety Brent recently cost $ 67.85 for delivery in October. That was 95 cents less than the day before. The price for a barrel of the US variety WTI fell by 97 cents to $ 63.83.
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Overall, investors shy away from the financial markets of risks in a generally cloudy market mood, which also put pressure on oil prices. The background is the intervention by US President Donald Trump into the Personnel Policy of the US Federal Reserve Fed and the immediate dismissal of the FED-Gouventur Lisa Cook. However, this made it clear that she will fight for her post and continue her office.
The aggressive US customs policy remains a determining topic on the oil market. On Wednesday, additional penalty tariffs of 25 percent come into force against India because the country still receives a lot of oil from Russia. Overall, it will be 50 percent.
If the United States implemented the doubling of Indian tariffs, the market could question Russian oil exports in India, said raw material expert Robert Rennie from Australian Westpac Banking Corp. Then there could also be an increase in oil prices towards $ 70 at short notice.
Before that, the speculation on one Interest rate in the United States, the mood for buying on the oil market. Until the current price decline, Brent oil from the North Sea had increased by more than two dollars per barrel over four trading days.
/JKR/LA/He
New York/London (dpa-AfX)