Oil Price Prediction

It seems that oil market participants are still concentrating on demand and trade war instead of oil supply! According to Reuters, 51 market economists and analysts predicted that Brent crude (LCOc1) would average 65.01$ a barrel in 2019 which is 4% lower than previous month (67.4$). Demand also reformed from 1.4 million barrels to 1.3…

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Trade War between China & US Getting Worse!

Donald Trump, US president, believed that #America has been losing hundreds of billions of dollars a year to #China, with no end in the continuous unfair trading relationship. #Trump declared that China should not put new #tariffs (5%~10%) on 75 billion dollars of US products and to retaliate this tariff, Trump ordered new rules as…

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