Oil markets do not have a reputation for being particularly zen. Of course, oil markets have not suddenly become relaxed. Demand dramaMeanwhile, there are two factors that should be knocking oil prices down. And the U.S.-China trade war escalation would typically be expected to push oil prices down, on the fear that it will eventually dampen growth and therefore reduce oil demand. Oil prices might not be facing that much more pressure than usual, says Atkinson from the IEA.

Source: Libya Today May 17, 2019 15:45 UTC