Oil prices are heading towards the largest weekly loss

Oil prices are moving towards registering the largest weekly loss since October, as the customs duties imposed by US President Donald Trump on major commercial partners, pumping fluctuations and uncertainty in global markets.

West Texas crude futures were traded, “mediator near $ 66 a barrel, and decreased by 5% so far during the week, due to concerns that customs duties will affect the demand.

Brent crude closed below $ 70.

American crude is heading to the seventh weekly decline, which is the longest series of declines since December 2023. The OPEC+coalition plan has added to start reviving restricted production in April, to the declining opposite winds. (Bloomberg)