It’s All Or Nothing For Oil As Trade Talks Restart

The stakes are high for the global economy as U.S. and Chinese negotiators restart trade talks this week after months of silence and tit-for-tat tariff increases. As economic growth continues to slow, both China and the U.S. have motivations to reach some sort of accord that eases the trade war. In recent weeks good-will gestures raised hopes that a deal was possible, even if it only offered a face-saving way for both governments to de-escalate. However, both also have dug in to such a degree that a major breakthrough seems highly unlikely. Sensing…