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Stock impact report

Why oil prices keep crashing even as Trump's trade war pivot eases demand fears [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
OPEC+ is discussing plans to boost oil output in June. Easing trade tensions have revived momentum among stock market investors, but the same can't be said for oil. Crude markets on Wednesday seemed to dismiss a White House cue that the ongoing trade war with China could soon tone down, implying less downward pressure on energy demand. Instead, oil on Wednesday extended a crash that has dragged on since the early days of Donald Trump's presidency. Brent crude, the international benchmark, was down 2% on Wednesday and has dropped 19.31% since peaking in January. That's outpaced by an even steeper 22% plunge in US oil prices. This embedded content is not available in your region. Trump's call for lower oil prices started to become a gradual reality in the first months of the year, as initial recession worries took root Oil was already in a perilous spot given entrenched expectations of a 2025 supply glut, a scenario that would turn worse if a global downturn hammered energy Show less Read more
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