Oil demand is at risk of declining further if the U.S. and China fail to resolve trade tensions, which will cause the global economy to weaken even more, said Rainer Michael Preiss, executive director at Taurus Wealth Advisors.
Global oil prices could fall to as low as $45 per barrel if tensions between the U.S. and China worsen, said Rainer Michael Preiss, executive director at Taurus Wealth Advisors.
The U.S. and China failing to resolve tensions will cause the global economy to weaken even more and hurt oil demand, said Preiss. China's President Xi Jinping and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017.Global oil prices could fall to as low as $45 per barrel if tensions between the
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