Oil Bulls Are In For A Bitter Disappointment

Oil Bulls Are In For A Bitter Disappointment

OilPrice.com

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For those still busy hedging on the spread of the coronavirus, a more sustainable threat to energy investments continues with the disappointingly dull impact of the much-lauded ‘Phase One’ trade deal between Washington and Beijing.  In a few days’ time, China is set to halve tariffs on $75 billion of imports from the United States, reciprocating a similar move by its western counterpart as part of an interim trade deal. The reductions will come into force on February 14 at 1:01 p.m. local time (05:01 GMT) and will see punitive…

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