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Piper Sandler Maintains BP PLC(BP.US) With Hold Rating, Cuts Target Price to $32
Oil Prices Climb To Two-Week High On US-China Tariff Truce
Equinor and BP Cut, TotalEnergies Raised at Morgan Stanley in European Ratings Reshuffle
The tariff storm caused by Trump has severely impacted the pillar industries of the Middle East! The profits of Saudi oil giants evaporated by 26 billion in a single quarter.
Just as USA President Trump is set to make a high-profile visit to Saudi Arabia this week, the uncertainties caused by the trade war he initiated have already created a financial impact on the Saudi state-owned oil giant.
Gold Futures Slump as U.S., China Agree to
Mutual tariff reductions between China and the U.S. drive up oil prices. Is the rebound beginning or is the fluctuation continuing?
① The Chinese and American governments agreed to modify and cancel the tariffs imposed on each other's commodities, which has triggered optimistic Trade in the Global Capital Markets; ② The easing of the Sino-U.S. tariff dispute may signify a continued rise in the global economy, driving oil demand and increasing oil prices, but the rebound in oil prices in the short term could be challenging; ③ OPEC's production increase plans and Trump's commitment to low oil prices may limit the rise in oil prices, and the market is paying attention to Trump's trip to the Middle East.