Oil just tumbled into a bear market. Here's why it has Trump's trade war to thank.

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

WTI crude oil is now in a bear market, down 21% from its April high. Analysts say global growth fears, exacerbated by Trump's trade war, are to blame.

West Texas Intermediate crude oil has entered a bear market, down 21% from its April high. Analysts say global growth fears, exacerbated by President Trump's trade war, are to blame. The commodity is still positive since the start of 2019, but its sharp downturn in recent weeks underscores the volatility geopolitical uncertainty has injected into global markets. Watch crude oil trade live.

West Texas Intermediate crude oil has entered a bear market, down 21% from its April high. Analysts say global growth fears, exacerbated by President Trump's trade war, are to blame. The commodity is still positive since the start of 2019, but its sharp downturn in recent weeks underscores the volatility geopolitical uncertainty has injected into global markets. Watch crude oil trade live.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines