Oil continues to fall and the dollar reaches its highest level

Oil prices fell nearly 2% on Friday, continuing their slide from their peaks this year, with emphasis on lack of progress in US-China trade negotiations and dark data from the US. Germany and the United States on the activity of factories have sparked new fears of a slowdown in the global economy and demand for crude oil.

The US stock market indices of Wall Street have fallen to 2% today after the losses of manufacturers in America, Europe and Japan in March. Surveys have shown that trade tensions have an impact on industrial production, thus preventing the global economy from starting. Improved.

Brent lost 83 cents, or 1.22%, to settle at $ 67.03 a barrel, ending the week down 0.2%.

On Thursday, Brent crude reached a four-month high at $ 68.69 a barrel.

Brent has increased by more than 20% since the beginning of January, thanks to reduced supply by the Organization of the Petroleum Exporting Countries (OPEC) and its Russian-led allies and sanctions imposed by the United States to Iran and Venezuela.

The US WTI crude fell 94 cents, or 1.6%, to settle at 59.04 dollars a barrel.

In Thursday's session, US crude reached its highest level in 2019 at $ 60.39, ending the week with gains of 0.8%.

The US dollar reached its highest level of one week against a basket of major currencies on Friday. A rising dollar would make oil more expensive for holders of other currencies.