Oil prices began to fall and Trump seems to win the trade war. Prices are falling under the US president’s threats to China.
On Tuesday of this week Brent’s barrel was paid at $69.85 in London, which is $1.39 less than at the close of business on Monday. On the other hand, in New York the WTI barrel for delivery in June lost 1.31 dollars and was paid at 60.94 dollars.
It is worth emphasizing that the oil market continues to get weak by the commercial tensions between Beijing and Washington. After Trump announced last Sunday an increase in tariffs equivalent to 200,000 million dollars for Chinese products exported to the United States.
The good health of Wall Street and the U.S. economy are indicative that the United States is winning in its conflict against China. The unemployment rate fell in April to 3.6% and economic growth in the first quarter shot up 3.2% year-on-year.
Meanwhile, Beijing seems to want to reduce tensions and confirmed that its main negotiator, Liu He, will visit Washington in the coming days to resume negotiations.
L.Sáenz
Source: RCN
