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Oil prices recoil as specter of trade war, weaker demand haunts market

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Oil prices drop as trade war concerns haunt market

SINGAPORE - Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020.

“The euphoria was short lived, with an unexpected fall in exports from China highlighting the impact of the trade conflict,” said ANZ Bank in a note on Tuesday. U.S. President Donald Trump does not want to implement the next round of tariffs, U.S. Agriculture Secretary Sonny Perdue said on Monday - but he wants “movement” from China to avoid them.

 

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Gas prices in South Florida are rising. 2 months ago $2.32 today I say $2.78

Why do you attribute everything to the trade war, ?

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Oil prices slip again as specter of trade war, demand concerns haunts marketOil prices dropped on Tuesday for a second straight session as the cons of a slo... 45 does want to raise tariffs again. He is pulling a Reagan. He needs the tax revenue from it to compensate for his tax cuts to rich/corps.
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