Oil prices fell after their rise in the beginning of trading .. I know the reasons

Oil futures prices ended on Tuesday with a slight decline despite their rise in the beginning of transactions, as Russian President Vladimir Putin’s approval to stop attacking the energy sector infrastructure facilities in the Ukrainian severity of fears of supplies in the global market.
Fears also affected the growth of the global economy due to the policies of US President Donald Trump, especially the imposition of fees on imports on crude prices.

Trump management fees

The Organization for Economic Cooperation and Development has warned that the Trump administration will harm economic growth in the United States, Canada and Mexico.
Oil prices increased at the beginning of today’s dealings with the resumption of the Israeli occupation, the bombing of the Gaza Strip, as well as the new American attacks on the sites of the Houthi group in Yemen, which raises fears of crude supply disorder in the global market, with optimism that the Chinese economy recovered in the wake of the government’s announcement of its plans to stimulate local consumption.

American standard retreat

The price of West Texas Intermediate crude, which is the record of American oil, decreased by $ 68, or about 1%, to 66.90 dollars per barrel, April delivery.
The Brent crude price for global oil fell by $ 51.51, or 0.76%, to 70.56 dollars per barrel, delivering next May.

The dollar fell

At the same time, the dollar fell against the main currencies from the decline in the price of crude oil.
The dollar value index fell to 103.20 points, compared to 103.37 points yesterday.