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The increasing expectation of recession has led to USA Crude Oil Product prices falling below 60 dollars, causing a setback in the rebound of Petroleum stocks in the Hong Kong stock market, resulting in a collective decline.
① Expectations of a recession heighten as USA Crude Oil Product prices fall below $60, how does the market view this? ② The rebound of Hong Kong Petroleum stocks is hindered and collectively declines, what is the indicative significance for the market?
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"The 'Black Waterfall' has just begun? The oil market's volume has broken the pandemic record, and Goldman Sachs has shockingly revealed the '40 dollar doomsday scenario.'
① After experiencing a series of epic "volume" crashes in international oil prices for several consecutive days, Goldman Sachs lowered its oil price forecast for the second time in just one week on Monday; ② The latest statement from the Institutions indicated that with the intensification of the trade war and an increase in supply, under "extreme" circumstances, the price of Brent Crude Oil Product could fall below $40 per barrel.
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Trump wants oil prices to fall below $50. Is the market ready for this?
Currently, oil prices have fallen below the level required to maintain healthy investment in the US Shale Oil Industry. If low oil prices persist, US oil production "will immediately begin to decline, and the extent may be quite large." Industry executives warn that it is impossible to achieve US Energy dominance while maintaining an oil price of $50 per barrel.
