A view shows disused oil pump sockets at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 2, 2025.
Pavel Mikheyev | Reuters
Undearn oil contracts have dropped by more than 3% on Thursday, while the high prices of President Donald Trump on China have overshadowed his 90 -day break on higher rates for most other countries.
We gross Oil dropped by $ 2.28, or 3.66%, to end $ 60.07 per barrel, while Global Benchmark Brent lost $ 2.15, or 3.28%, to settle at $ 63.33 per barrel.
Grout prices rallied Wednesday after Trump announced a 10% lower temporary rate rate on most American business partners. Trump said that he was open to negotiating agreements with countries that do not retaliate. The intermediary of West Texas switched 13% compared to the low session to end at $ 62.35 per barrel.
But Trump's decision to increase prices on China, the second world economy and the largest gross importer, to 145% of 145% on the market.
“The prices on China are now higher – it is still quite important,” said Jim Burkhard, head of petroleum market studies at S&P Global Commune Insights. “These negotiations with all these different countries-can the United States negotiate with 70 countries at the same time? I don't think chaos is finished.”
