He oil that is quoted in New York stabilized after immersing himself again at the level of US $ 60 because an adverse economic panorama threatens energy demand perspectives and takes investors to avoid the most risky assets.
The Futures of the West Texas Intermediate traded near US $ 69 a barrelafter Fall 2.5% on Tuesday to close at its lowest level of the year. A weak report on the trust of the US consumer fueled concerns about the impact of tariffs proposed by President Donald Trump.
He raw has lost almost 5% this month because the aggressive measures of Trump In terms of trade, investors anxiety have increased at a time when oil operators were already concerned about low consumption in China.
Supply problems have also been in the foreground, including the possibility of resumption of the flows of important pipelines from the semi -autonomous region of the Iraqi Kurdistan, while the United States presses to reactivates.
“Trump’s actions are harming the confidence of consumers and companies, which, in turn, will weaken real consumption”, He warns Bjarne Schieldropchief raw materials of SEB AB.
The uncertainty about tariffs has deteriorated the relief of new sanctions against Iranian flows, as well as the expectations that OPEC+ return to postpone a plan to progressively increase production, whose beginning is scheduled for April.
“Tariffs and counter -class have the potential to weigh on the part of the economy that depends largely on oil, which creates uncertainty about demand”Morgan Stanley analysts said, including Martijn Rats. “We hope that OPEC extends its current quota beyond April, probably maintaining practically stable production”
Trust of US consumers
Oil prices fell strongly on Tuesday, before the collapse of the Trust of American consumers From the return to the White House of Donald Trump and the possibility of lifting Washington’s sanctions against Russia.
The price of Brent barrel of the North Sea, for delivery in April, dropped 2.35%, to US $ 73.02. Its American equivalent, the West Texas Intermediate (WTI), for the same month, He yielded 2.50% up to $ 68.93.
Both references ended at their lowest level since the end of December.
The trusted index of the American Professional Association Conference Board for February fell sharply this Tuesday, by going back seven points in a month to 98.3, while the average expectation of an consensus of economists surveyed by the Bloomberg agency was 102.5 units.
On Friday, another measurement of the University of Michigan also showed an increase in consumers anxiety a few weeks after Trump’s possession last January 20.
“At this time, the market is very volatile“And each news is seen”Like a blow to operators”, Summed up the AFP John Kilduffof Again Capital.
According to the analyst, “The fall below 70 dollars of the WTI barrel will attract the attention of the organization of exporting countries of Oil and its allies (OPEC+)”
This group plans to gradually reintroduce 2.2 million barrels per day of oil As of April. But the OPEC+ has already postponed the operation three times, arguing that the price of oil It wasn’t enough.
The prices of oil They have also been weighed down by the possibility of an uprising of US sanctions against Moscow, when both countries seem to shorten their differences.
Three years after the start of the Russian invasion, the United States rose surprisingly on Monday with Russia at the UN on the Ukrainian conflict, promoting its idea of a quick peace without condemnations to Moscow or defense of the borders of Ukraine.
With information from Bloomberg and AFP
Source: Gestion
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