Tensions between China And The United States Reignite And U.S. Oil Prices Fall

Over the past few weeks, oil prices have continued to rise, but because there is no sign of recovery in the short term, the upward momentum has stalled. At the same time, this week, the tension between China and the United States has put heavy pressure on the financial and commodity markets. Tension between China and the United States threatens $52 billion in energy sales. The first phase of the trade agreement between China and the United States is at risk of breaking down. President Trump issued an important statement on China on Friday, which intensified tensions between China and the United States. China had previously promised to purchase 52 billion US dollars of oil within two years, and this total amount has been difficult to achieve.