Brent falls 0.43% to US $ 74.29

The barrel of oil Brent for delivery in April this Thursday receded 0.43%, up to $ 74.29, at the close of the session in the London futures market.

The North Sea crude, reference in Europe, decreased US $ 0.32 with respect to its last session at the Intercontinental Exchange (ICE), where it closed at US $ 74.61.

He Brent He continued his bassist trajectory and continued below $ 75 after the president of the United States, Donald Trump, reiterated his intention to increase oil production in the country a day after crude oil inventories registered a far higher increase in the expected.

According to the latest report of the Energy Information Administration (EIA, in English), the inventories grew 8.7 million barrels, compared to the 2.4 million expected by the market, which caused the Brent to drop more than 2%.

Petroleum prices have descended significantly since Trump’s arrival to the presidency for its bearish energy policies, after declare a national energy emergency with the aim of reducing the cost of the barrel, as well as for its tariff threats and their economic sanctions.

In the upward part, this Thursday the Trump administration imposed the first sanctions on the Iranian oil sector, by pointing to an international network that facilitates the sending to China of millions of oil barrels from Iran worth hundreds of millions of dollars.

Also, this week the organization of oil exporting countries and its allies (OPEC+) decided to maintain its plan to gradually increase the supply of crude from April, and ignored Trump’s requests to lower prices.