Brent recovered partially from his strong losses yesterday. Today, the raw material added 1.3 dollars, or 1.8 percent, to $74.7 a barrel. US crude oil futures added just 42 cents, or 1.8 percent to $70.8.The premium between Brent and US crude oil is still extremely small - just four dollars, against more than ten dollars just a few weeks ago.
Yesterday, "black gold" lost nearly 7 percent of its value as a result of continuing tensions in trade relations between the US and China. Yesterday, Trump threatened China with import duties on Chinese goods for about $200 billion.
Experts recall that we often see the compensation of some of the losses, with decreases with yesterday's magnitude. So the rise in raw materials today is not a big surprise.
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