With rising tensions between the United States and China and a race to impose more pressure on tariffs, oil prices seem to be affected by the standoff. There is a clear relationship between oil prices and new tariffs.
Jorge Morales Pedraza
Several experts have predicted that during the next decades the oil price could be much higher than today and could reach US$ 100 or more per barrel. The current trade tensions between China and the USA could increase even further the oil price during the coming years and even push further the level of oil rice expected to be reached during that period.
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