According to experts, the sharp decline in oil prices comes from many factors such as: OPEC+ increased production, additional supply from North and South America; geopolitical risks in the Middle East reduced after the ceasefire agreement between Israel and the Hamas movement.
In addition, US President Donald Trump's recent announcement that he could impose higher tariffs on Chinese goods is also seen as a factor that further destabilizes the market.
If the US-China trade tensions escalate, along with the slowing trend of energy consumption, oil prices may remain low in the coming time. This will have a significant impact on the import-export balance and budgets of many oil-exporting countries.
Source: https://baogialai.com.vn/gia-dau-the-gioi-tiep-tuc-lao-doc-post569160.html
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