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1.Market Observations, 8.Was Sticky

7 June 2019 (AFR,NYTimes) – Oil prices weaken – that’s worrying too

(7 June 2019, AFR, p16, By Clifford Krauss, New York Times)

‘A couple of months ago, the bulls ran the oil markets. Now the bears have taken over. Always volatile, oil prices have tumbled more than 20 percent since late April because of growing fears that demand is weaker than expected as the global economy slows. Investors are also worried that President Trump’s trade war with China and his threat to put tariffs on imports from Mexico could depress growth even more. On Wednesday, crude oil futures in the United States closed at $51.68 a barrel, down 3.4 percent for the day, even as the stock market closed higher.’

Read more at NYTimes.com

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