Oil prices have fallen further, as Trump’s tariff represents economic expectations

Oil prices in the United States decreased sharply, as it briefly decreased to $ 60 a barrel on Sunday – its lowest level in almost four years – as economic repercussions wore President Trump’s recent tour around the world.

Crude oil now costs about 15 percent less than last Wednesday, before Mr. Trump revealed his plans to impose a new tariff on imports from most countries. Prices have decreased so far quickly Deepening anxiety This may lead to high definitions to slow economic growth and may cause stagnation in the United States and the countries that are trading with it.

The cheapest oils in general are useful for consumers and companies that use gasoline, diesel and jet fuel. In fact, Mr. Trump and their assistants have Pay to reduce energy prices To reduce inflation.

But if the prices remain around these levels or decrease further, it is likely that the American oil and gas companies are likely to slow down the drilling, reduce spending and establish workers. This will be especially painful for oil -rich countries such as Texas and New Mexico.

Another major reason that oil prices weaken is that OPEC Cartel and its allies announced last week that they would do so Speech plans to increase production. This will increase the supply of oil at a time when many analysts expect the demand to weaken.

American energy companies are also pressed High costs of basic materials Like steel tubes, which are subject to a 25 percent tariff, Mr. Trump announced in February.

The smaller oil companies – a major circle of Mr. Trump – may be among the first to slow down, because they tend to be more intelligent and have lower financial resources. Natural gas prices were more flexible, providing some pillows to producers.

Last week, the price of the stock box shares on the stock exchange fell from American oil and gas shares by 20 percent per day after Mr. Trump’s introductory.