The price of the US oil has fallen sharply, a barrel of $ 60 – is the lowest in almost four years – President Trump's latest in the world's latest in the world.
Crude oil has already revealed that Mr. Trump's plans to apply new tariffs to imports from most countries. These prices have fallen so quickly at a time intensify These high tariffs can slow the economic growth and maybe in the United States and the countries they trade.
The cheaper fat is good for consumers and businesses that use gasoline, diesel and jet fuel. In fact, Mr. Trump and his assistants have pushed for low energy prices curb inflation.
However, if the prices remain at these levels or lower, the United States is likely to drill, spend and demolish employees. It would be especially painful for oil-rich states such as Texas and New Mexico.
Another reason for the weakening of oil prices is that OPEC cartel and allies have declared last week, they Accelerate plans to increase production. This will increase oil supply at a time when they expect many analysts to weaken.
US energy companies are also compressed Higher costs for basic materials In February, Mr. Trump, a 25 percent tariff, like steel pipes that are subject to 25 percent.
Small oil companies – Mr. Trump, the main constituency is likely to be among the first because they are more flexible and are less than financial resources. Natural gas prices have become more robust to provide some pillows for manufacturers.
Last week, the share price of an exchange of oil and gas reserves fell by 20 percent in two days after Mr. Trump's tariff announcement.