Market News oil Op-ed opec 

Here’s Why Oil Prices Will Never Recover

This rally can only go so far as supply concerns threaten to sink oil prices once again. Even as economies reopen, demand for oil will remain depressed. The OPEC+ cuts weren’t enough to offset weak demand. Last month when oil prices fell to the horrifying low of -$42 per barrel, investors started to worry about looming oversupply issues. Simply put, the world is running out of places to store the stuff as coronavirus lockdowns weigh on demand. But this week we saw prices start to rise, and Donald Trump was…

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Dow Jones Market News oil 

Dow Crumbles as Stock Market Braces for Consumer Chaos – CCN.com

The Dow crumbled on Monday as ballooning oil prices caused stock market investors to brace for a consumer confidence reckoning. | Source: AP Photo / Richard Drew The Dow Jones was rocked on Monday by a devastating surge in the price of crude oil after the attacks on Aramco’s key refinery. The strike not only dashed hopes for a détente between the US and Iran but also put considerable pressure on the vital US consumer. Dow Jones Falls as Dollar Rises & Oil Soars In late afternoon trading, the Dow…

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oil Trump U.S. Market News venezuela 

Trump Pumps Fake Oil Price Crisis While Strangling Venezuelan Exports

Donald Trump sent the oil market into a tailspin Monday with one tweet claiming oil prices are too high and blaming OPEC for it. Is Trump unaware that oil prices are a function of supply and demand? Or is he deliberately shifting the blame off his destructive embargo of Venezuela? Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike – fragile! — Donald J. Trump (@realDonaldTrump) February 25, 2019 Though it is a fact that oil prices are at a three…

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