Oil has struggled for direction as of late due to new and unfamiliar territory, primarily in regard to ongoing US trade war tensions and sanctions on oil-exporting Iran. Simultaneously, the market has enjoyed a period of relative stability, free of unexpected supply disruptions, leading to a short-term cutback in demand. However, Chinese retaliation, deadlines for buyers to cut back on Iranian oil, as well as continuing cash flow struggles in American shale could all be clouds on the horizon . . .

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