Commenting on the recent news on oil in light of the U.S.-China trade dispute, as reported in Marketwatch, Mihir Kapadia, CEO of Sun Global Investments said:
“Oil prices have also fallen as the G20’s warning of global growth risks weighs on the commodity. The growing trade conflict has already raised concerns within the oil markets of decreased demand, and the G20’s view of the trade war’s impact on global growth have served to reinforce this fear even further. With Iran sanctions also a major ongoing concern for oil prices, analysts will be following oil market developments closely in the days to come.”
His comment was featured in Market Watch Online.