Oil Falls; China Concerns Weigh
Portfolio Pulse from
Oil prices declined in early Asian trade due to concerns over the impact of Trump's tariffs on China's economic growth, which could reduce oil demand.
November 11, 2024 | 1:30 am
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BNO, an ETF tracking Brent crude oil prices, may see a short-term decline due to concerns over reduced oil demand from China amid Trump's tariffs.
BNO is directly affected by changes in oil prices. The news highlights a potential decrease in oil demand from China due to economic concerns from tariffs, which could lead to lower oil prices and negatively impact BNO.
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