Anything to try and keep oil prices up, eh?
- Those fears are negatively impacting the oil market
- Global oil demand is currently acceptable, should improve in the coming months
With markets still being cautious amid ongoing US-China trade tensions and focus on the weakening global economic outlook, oil prices have been experiencing a tough time in recent weeks. And the start of today isn't any better with oil down by 1% to $53.85 currently.