New York/London (dpa -AfX) – the oil prices moved little on Thursday. They have continued the stabilization since the beginning of the week after they had fallen significantly in the past week. A barrel (159 liters) of the North Sea variety Brent for delivery in May cost $ 70.89. That was six cents less than the day before. The price for a barrel of the US variety WTI with delivery in April fell by ten cents to $ 67.58.
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The latest escalation in the customs dispute between the USA and Canada was unable to burden the lists on the oil market more. After the tariffs imposed by US President Donald Trump on steel and aluminum imports of 25 percent, Canadian counter-tariffs have recently come into force.
According to market observers, the concern about the possible consequences of the customs policy of the new US government remains a determining topic on the oil market. The risks would continue to exist, since possible tariffs spoil the outlook for the further development of the global economy, said Charu Chanana, investment strategist at Saxo Bank./jkr/jha/