While oil prices have been steadily increasing, the long-term look for crude prices will be tempered by the ongoing U.S. trade war with China and a hike in online sales taxes, which began being collected Mar. 1, 2019 for 45 states.
The U.S. oil embargo of Venezuela, Iran coupled with oil production cuts by OPEC has been fueling a spike in oil prices, but a slump in China's manufacturing due to U.S. tariffs and new online sales taxes will continue to cut demand.
Internet tax affecting prices
Rest: http://onsubwaywalls.com/2019/03/25/temporary-spike-in-oil-prices-to-be-tempered-by-trade-war-and-online-sale-taxes/ (http://onsubwaywalls.com/2019/03/25/temporary-spike-in-oil-prices-to-be-tempered-by-trade-war-and-online-sale-taxes/)
Quote from: lastreporter on March 25, 2019, 06:17:23 AM
While oil prices have been steadily increasing, the long-term look for crude prices will be tempered by the ongoing U.S. trade war with China and a hike in online sales taxes, which began being collected Mar. 1, 2019 for 45 states.
The U.S. oil embargo of Venezuela, Iran coupled with oil production cuts by OPEC has been fueling a spike in oil prices, but a slump in China's manufacturing due to U.S. tariffs and new online sales taxes will continue to cut demand.
Internet tax affecting prices
Rest: http://onsubwaywalls.com/2019/03/25/temporary-spike-in-oil-prices-to-be-tempered-by-trade-war-and-online-sale-taxes/ (http://onsubwaywalls.com/2019/03/25/temporary-spike-in-oil-prices-to-be-tempered-by-trade-war-and-online-sale-taxes/)
This thread should be in the "Finance" thread.