Crude oil prices climbed to a four-year peak on Tuesday, boosted by the forthcoming U.S. sanctions on Iranian crude exports. OPEC+ (Russia) decided not to increase output despite U.S. President Trump’s provocation to “get prices down now!”.
Tag: OPEC
European markets, Asian markets, US stock index futures have in common that they were hit by investors’ concerns about the escalating trade war. The pessimism among the traders is widespread. Trade worries increase following China’s accusations against Trump’s administration the United States of “trade bullying”.
US sanctions against Russia: Russia will respond to the new US sanctions coming into force on Monday accordingly, following the assessment of their impact.
Brent oil is up 1.52 dollar a barrel ahead of a report indicating a fall in US crude inventories. Tighter supplies are also expected following US sanctions on Iran.
After months of threats and rumours and statements and frustrations, the USA VS CHINA trade war is about to get real.