The Trump oil dilemma

The Trump oil dilemma

Some advisers now view the price of the fossil fuel as a crucial anti-inflation tool

Oil prices rose on March 27 amid market concern over a reduction in global supply following US threats of tariffs on oil buyers from Venezuela and sanctions on oil buyers from Iran.

Oil Prices Gain On Venezuela Tariffs

Oil prices rallied in Wednesday’s session, a day after U.S. President Donald Trump announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States. Trump claims that Venezuela has sent "tens of thousands" of people to the U.S. who have a "very violent nature." Brent crude for May delivery gained 1.2% to trade at $73.89 per barrel at 11.30 am ET while the comparable WTI crude contrac…

The tariffs on countries that import barrels from Venezuela, imposed under the excuse of the Caracas gangs that are spreading in America, serve to hit China, but also to extend US market shares. Prices will fall, without reducing producers' profits too much. The complex game that Donald Trump is playing...

Oil prices fell slightly on Friday, but remain close to their monthly highs and are on track for a third consecutive week of gains. Market developments in recent days have been influenced by US President Donald Trump's decision to impose sanctions on countries that buy oil from Venezuela and to limit trade in oil from Iran. This means a reduction in the supply of raw materials on the market. TASR reports this based on a report by Reuters.

Oil prices fell slightly on Friday, but remain close to their monthly highs and are on track for a third consecutive week of gains. Market developments in recent days have been largely driven by US President Donald Trump's decision to impose sanctions on countries that buy oil from Venezuela and to limit trade in oil from Iran. This has reduced the supply of crude on the market. The price of Brent crude for May delivery reached $73.93 (€68.55) p…