Brace yourselves, oil investors! Goldman Sachs is warning that crude oil prices could crash below US$40 per barrel next year! Trade wars and increased OPEC+ production are creating a perfect storm. Here's the breakdown: 1. Bleak Outlook: Trade war escalation is raising recessionary risks and headwinds for energy consumption. 2. OPEC+ Factor: OPEC+ added more barrels back earlier than expected, exacerbating the supply glut. But...
Hey guys, this week will be like rollercoaster rides, all thanks to Trump's tariffs. Global markets are in chaos, and Malaysia's stocks are feeling the heat. Market Pulse: Tariffs Spark Global Turmoil Trump's sweeping tariffs sent shockwaves through the markets. Wall Street economists slashed growth forecasts, and inflation fears spiked. Global benchmark indices tumbled, with the Nasdaq plunging 10.02% and the S&P 500 d...
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Here's the breakdown:
1. Bleak Outlook: Trade war escalation is raising recessionary risks and headwinds for energy consumption.
2. OPEC+ Factor: OPEC+ added more barrels back earlier than expected, exacerbating the supply glut.
But...
Market Pulse: Tariffs Spark Global Turmoil
Trump's sweeping tariffs sent shockwaves through the markets. Wall Street economists slashed growth forecasts, and inflation fears spiked. Global benchmark indices tumbled, with the Nasdaq plunging 10.02% and the S&P 500 d...
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