Crude Oil Costs, Norwegian Krone, OPEC, Commerce Warfare – TALKING POINTS
- Crude oil prices, Swedish Krona, Norwegian Krone could endure within the week forward
- Merchants eyeing OPEC assembly in Vienna as members debate deep manufacturing cuts
- US commerce tensions with EU, China, Brazil Argentina might additionally stress crude oil
Learn to use political-risk analysis in your trading strategy!
Crude oil costs together with the Swedish Krona and petroleum-linked Norwegian Krone could fall on the OPEC assembly in Vienna as international commerce tensions escalate. Whereas members of the oil cartel are anticipated to chop prolong their manufacturing cuts, it stays to be seen whether or not the upside stress of tighter provide can overwhelm the draw back forces of commerce wars and geopolitical dangers. The information says “no”.
Commerce Wars Are Not Enjoyable or Simple to Win
US-China commerce relations stay tense following US President Donald Trump’s approval of the controversial Hong Kong bill he signed final week. Beijing has vowed to retaliate with unspecified counter measures, and the levers they’ve at their disposal could send a chill down the global economy’s spine. So as to add onto that, the US has reopened the financial battle entrance with Europe and a brand new one with South America.
In response to France’s digital tax on US tech companies, the White Home proposed retaliatory tariffs of up…