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What The Trade War Could Have In Store For Oil

After tanking in the final months of 2018, oil was having a strong 2019 – that is, until the recent escalations in the U.S.-China trade dispute. And this turn of events for oil should not be surprising: as today’s article observes, “The U.S. has only experienced a handful of trade wars over the last 100 years and each has negatively impacted oil.” Moreover, the author notes that the current “trade war is more encompassing and damaging for the global economy than previous trade wars so the impact on oil should be even more significant.” So what could be in store for oil depending on how the trade dispute plays out from here? CLICK HERE.