09:40 - 3.04.2025

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April 3, Fineko/abc.az. Prices for oil of benchmark grades are falling in Thursday’s trading after growth following the previous session. Investors are assessing US inventory data and new import duties announced by U.S. President Donald Trump.

The price of Brent crude oil futures for June on the ICE Futures exchange dropped by $1.87 (2.49%) to $73.08 per barrel by 09:32. Following the trading on April 2, June’s Brent crude futures rose by $0.46 (0.62%) to $74.95 per barrel.

The price of May’s WTI crude oil futures on the NYMEX commodity exchange fell by $1.88 (2.62%) to $69.83 per barrel by 09:32. Following the trading on April 2, WTI crude futures for May grew in price by $0.51 (0.72%), to $71.71 per barrel.

On April 2, Donald Trump announced a decision to impose mirror duties on his country's foreign trading partners. At the same time, he explained that American duties "will not be completely mirrored", and showed a table indicating which duties apply to the U.S. in other countries on average, and which are imposed in response.

So, according to the table, China's duties on US products average 67%, and the American retaliatory duties will be at the level of 34%. Duties in the EU are estimated at 39%, retaliatory duties at 20%.

Duties from Japan - 46%, retaliatory duties from the U.S. - 24%. Indian duties on American goods are estimated at 52%, retaliatory duties at 26%.

Trump also noted that he had set the basic minimum level of duties at 10%. The White House, meanwhile, explained that it will begin to operate on April 5, and higher duties on April 9.

According to official data published the day before, commercial oil reserves in the U.S. increased by 6.165 million barrels last week, distillates - by 264,000 barrels. At that, gasoline reserves decreased by 1.551 million barrels.