Forget The Middle East – This Is The Real Threat To Oil

Oil prices continued to fall this week as the US and China stoked concerns that the two sides will fail to cooperate on a trade deal anytime soon. On the US side, officials moved forward with plans to limit capital flows into Chinese markets and continued efforts to blacklist certain Chinese businesses. On the Chinese side, leadership used media outlets to suggest that a trade deal was unlikely anytime soon and that the coming meeting this Thursday between US and China trade officials was unlikely to accomplish much. As macro negativity spread…