Oil up on weak dollar but tariff concerns cap gains

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On Wednesday, Singapore (Reuters) – oil prices rose from weaker dollars, but the fears of the US economic slowdown and the impact of global economic growth tariffs were closed.

Brent Futures rose by 13 cents or 0.2%, 0730 GMT, while the US Intermediate Clean Future of the United States won the 13 cents, and by 0.2% to $ 66.38.

Despite the economic prospects, oil kept oil stable in a stable position, Daniel Hebe, Anesi Senior Product Strategy. “It is a sign that the need for the rawness remains strong,” he said.

The dollar index, which fell by 0.5% on Tuesday, stimulating oil prices to make less expensive for other currency buyers. [USD/]

“Dollar meters stab the bias of global economic slowdown, although it seems to be a short-lived,” said Priyanka Sachdeva, an analyst at Philip Nova.

US stock prices, which are also affected by the oil market, have fallen again on Tuesday, increasing the largest months of months on increasing investors and increased consumer mood tariffs.

“The general mood remains fragile, despite a slight jump at today’s session,” said IG’s market strategic “eun Rong.”

“For now, the mood of oil market is likely to remain clarity and persistent concerns about the risks of US growth.”

US President Donald Trump’s defensive policy shocked global markets. He imposed, then delay the tariffs on the large oil suppliers of Canada and Mexico, while prompting China’s responsibilities, prompting retaliatory actions.

On weekends, Trump said the “transition period” was probable and refused to exclude the US fall.

In the case of supply, US oil production is ready to set a big record this year than the previous assessments of 13.61 million barrels per day, the US Department of Energy Administration said.

Investors are waiting for US inflation data on Wednesday on the interest rates. They are also closely following OPEC + programs. The manufacturer announced the increase in products in April.

During the week of the week end of the week ended on March 7, 4.2 million barrels rose to 4.2 million barrels, market sources reported.

Now the markets are waiting for the government’s data on US stocks for further trade signs on Wednesday.

(Reports Nikol Ja Ao in New York and Singapore; Editing Sarkar, Jamie Free and Michael Perry)