Crude oil prices should decrease due to Trump's energy policies

The prices of crude oil, which have experienced a previous increase, should decrease by the end of the week, largely due to the energy policies introduced by US President Donald Trump.

Trump has unveiled a complete strategy to strengthen American energy production and called OPEC To reduce crude prices.

At 10:11 GMT, the Brent crude turns in the gross of Brent increased by 32 cents, or 0.4%, to $ 78.61 per barrel, while the intermediate crude (WTI) US West Texas (WTI) A Climbed by 31 cents, also up 0.4%, $ 74.93. Despite these earnings, Brent has dropped by almost 3% so far this week, with a drop of almost 4%.

Before the inauguration of Trumps, the market had established a clear position clear in oil contracts to cover itself against potential price increases caused by disturbances. This position is now underway, according to analyst Tchilinguirian.

Trump, during a speech by Video Link Thursday at the World Economic Forum in Davos, Switzerland, said that he demanded that the organization of oil exporting countries and its de facto chief, Saudi Arabia, reduce the price raw.

He also said that he would ask Riyadh to increase an American investment package to $ 1 billion, compared to $ 600 billion reported by the Saudi news agency earlier.

Trump said a national energy emergency on Monday, retreating environmental restrictions on energy infrastructure as part of a sweeping plan to maximize interior oil and gas production.

On Wednesday, he promised to hit the European Union with prices and impose 25% of prices in Canada and Mexico and said that his administration was considering a punitive 10% obligation in China.

While attention goes to a possible February calendar for new prices, caution will probably persist on the market, because all new trade restrictions will bring negative implications for global growth, potentially weighing on prospects of oil demand , said Yeap Jun Rong, market strategist at IG.

Traders expect oil prices to be between $ 76.50 and $ 78 a barrel, Yeap added.

While bullish catalysts such as significant withdrawal in American raw actions provide temporary positive fluctuations, a global market too supplied and projections of Chinese demand in difficulty continue to weigh on gross term contracts, said Priyanka Sachdeva , main analyst of the market at Phillip Nova.

Last week's American gross inventories have reached their lowest since March 2022, according to the US Energy Information Administration.

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