Oil price tumbles to three-year low on signs of waning US demand

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Oil prices have decreased in a row for a third day, slipping at the lowest level in three years, as traders responded to the sequence of negative indicators for insufficient demand.

On Wednesday, the international benchmark brent drenchmark lowered $ 68.68, the lowest, the lowest from December 20, 2021. The interim of West Texas, the US figure – $ 65.27.

Transportation came after the US Department of Energy reported on the US inhuman prices oil The shares, adding the President to Donald Trump’s suspicion of economic activity, confirmed the new trading tariffs for this week in Canada, Mexico and China.

The decline in losses on Monday, when OPEC surprised the market, confirming that it would continue to plan more rough, completing more ships in April. Cartel’s decision means eight members of the manufacturer, including Saudi Arabia And Russia will increase production in one day in the next 18 months.