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Standard Chartered warns market has priced in US slowdown


Oil traders have “gone too far” by almost completely pricing in an exact equivalence of current U.S. economic conditions with the depths of the global financial crisis, according to the head of commodities research at Standard Chartered.

Brent and U.S. West Texas Intermediate (WTI) crude futures have fallen almost 20% since reaching their 2019 peaks in late April, dragged lower by intensifying fears of an economic downturn that has started to impact oil…

Source cnbc.com

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