The Trump tariffs will slow down trade and manufaturing.
The Trump easing of regulation for oil will increase supply.
Russia will desperately try to make up for falling revenue by dumping prices.
I think it will depend to a very large extent on tRump. He is likely to push for lower oil prices in a big way if his tariff policy backfires and causes significant inflation.
A glassbowl business. Rising BEV sales are likely limiting demand, an then the question arises if SA will rise production to regain market share - then the price can drop threw the floor) or if sanctions force russia out of market. (could rise towards 100$/bl) truth will be somewhere in between...
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The Trump easing of regulation for oil will increase supply.
Russia will desperately try to make up for falling revenue by dumping prices.