Crude Oil Drops On Concerns Over Chinese Demand
No matter which market it is, crashes happen everywhere. Hello guys this is lucky ali and welcome back to my new blog. China is a strong economy in this world and that is why anything happens in China Its effect is visible everywhere. crude oil spill by -0.93 % and now its price is 6292. China is the biggest importer of crude oil but the problem is disappointing economic reports.
According to the data, there is an 11% decline in the first six months. Not only but there is a war that is responsible for this decline and currently Israel Hizbullah the fire has started to burn. the prices of Crude oil came under further pressure after the country Israel indicated its response to a rocket attack of Hezbullah on the Israeli-occupied area which is Golan Heights would be measured to avoid the Middle East escalating into a full-scale conflict.
Now there is the possibility of a full-fledged war between Israel and Hezbollah and the result will be dangerous because both Israel and Hezbollah are powerful military groups. Now this new Golan Heights conflict is taking place and already the Hamas vs Israel war is going on innocent people are losing their lives.
If you are a stock market trader then you have to be careful and keep your eyes on this conflict because you will see volatility in the stock market and maybe crypto can affected too but the chances are lower. deep down inside these big countries are already in a trade war they always compete with each other and this is not a new thing we have to understand international politics and this is part of the fundamentals. This fundamental is useful for forex, stock, and even crypto. Now even crypto is used as a tool for the world's politicians. If you want proof then check the latest US news and listen the Donald Trump's speech.
So this is information and updates regarding the crude oil china crash. If you want the latest updates like this then you can follow me on hive. please share this post on social media and
because lots of things are going to be affected by this war and yes there is a direct connection with the stock market. I believe this time crypto is not going to be affected by this conflict because crypto is already down and altcoins are near dead. So whales will definitely try to pick cheap coins. But I can be wrong. I can't give you any financial advice regarding the stock market but the only thing I want to say is keep an eye on this war update.
Lucky Ali
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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