Media Blames Trump for Lower Oil Prices. What Else is New.

[Tom Kirkman + 8,860]

Oil just tumbled into a bear market. Here's why Trump's trade war is to blame.

President Donald Trump's trade disputes with key international trade partners have claimed another victim.

West Texas Intermediate (WTI) crude oil slid Thursday after slumping into a bear market the day prior, plunging by more than 20% since its late-April high. The commodity was trading near $51.70 per barrel.

The severe downturn in a matter of weeks comes as oil traders fret over slowing global growth that the Trump administration's unresolved trade disputes with China and Mexico have only exacerbated.

"Prices collapsed as the trade war extended beyond the United States and China," investment strategists at US Bank Wealth Management told clients earlier this week. 

 

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< sigh >

The media's demonization of Trump can be frustratingly amusing to watch.  No win situations.  Here's some earlier examples:

 

[Douglas Buckland + 6,308]

Once again it is refered to as Trump's trade war(s). How can this be? I was under the impression that it takes two opposing sides to fight a war.

And to say the war(s) are unprovoked is childish unless you choose to ignore, in China's case, an astronomic trade imbalance, intellectual property theft and currency manipulation. In the case of Mexico you would have to assume that for decades they had no idea where the hundreds of thousands of undocumented Central Americans transitting their country were headed.

In my humble opinion it is those benefitting from the status quo who are doing the loudest whining, not the rank and file American citizen.

[ceo_energemsier + 1,818]

2 hours ago, Tom Kirkman said:

Oil just tumbled into a bear market. Here's why Trump's trade war is to blame.

President Donald Trump's trade disputes with key international trade partners have claimed another victim.

West Texas Intermediate (WTI) crude oil slid Thursday after slumping into a bear market the day prior, plunging by more than 20% since its late-April high. The commodity was trading near $51.70 per barrel.

The severe downturn in a matter of weeks comes as oil traders fret over slowing global growth that the Trump administration's unresolved trade disputes with China and Mexico have only exacerbated.

"Prices collapsed as the trade war extended beyond the United States and China," investment strategists at US Bank Wealth Management told clients earlier this week. 

 

=====================================

< sigh >

The media's demonization of Trump can be frustratingly amusing to watch.  No win situations.  Here's some earlier examples:

 

These folks are nothing more than disingenuous, lying, deceiving , dyed in the wool hypocrites.