Oil Prices Rose after New Decrees of Trump
OREANDA-NEWS. The price of October futures for Brent crude oil from the North Sea rose by 1.06 %, to 44.87 US dollars per barrel. This occurred after the American President Donald Trump signed decrees extending economic support measures bypassing the US Congress.
September futures for WTI crude oil in the course of trading on the New York Mercantile Exchange increased in price by 1.41 % and amounted to 41.8 dollars per barrel. The market has reacted to the US administration’s partial return of additional unemployment benefits for tens of millions of Americans. They will be equal to 400 dollars a week, 75 % of the sum should be funded by the federal government, and 25 % by state governments.
The decrees also provide for a deferral of tax payments for people receiving less than 100 thousand dollars a year, an extension of the moratorium on student loans, and measures to help tenants and house owners.
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