Prices of the barrel of the American reference for the sweet light crude oil remain entrenched into the negative territory, intensifying the recent break below the key $61.00 mark. Prices of the black gold are clinching the fourth consecutive session with losses and stay on the way to close the week in red figures after two advances in a row (a weekly key reversal is on the making so far). Furthermore, WTI is losing nearly 6% since Monday’s tops above the $64.00 milestone so far. WTI is under pressure following the strong rebound in the risk-off sentiment in response to recent comments by President Trump on tariffs and subsequent jitters over further protectionist measures. Driller Baker Hughes will publish its weekly report on US oil rig count (+1 prev. to 799 active oil rigs).