Apr. 9 at 1:38 PM
Oil Prices Hit 4-Year Lows Amid Trade War
WTI drops to
$57.20, Brent to
$61.60.
China’s tough stance & OPEC+ production hike weigh on market.
Goldman warns Brent could fall below
$40 in extreme scenario
Saudi Arabia over the weekend slashed crude export prices to its Asian customers by
$2.30 per barrel for May.
Move followed OPEC+’s announcement of a larger-than-expected production increase for the coming month.
—— Under
$50 risks dividend cuts & cap-ex cuts. Trump Admin will not safeguard US shale economics
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