Posted by JohnSmithKalk > 2019-08-30 15:22 | Report Abuse

Crude oil sank significantly in the past as the global demand took a jab from the gloomy economic conditions, which in turn has impacted the ASX-listed energy stocks. Despite the production cut from the OPEC and Russia, the crude oil nosedived as the global demand remained capped over the slower growth projections and high probability of global economy going into recession amid the prolonged impact of the U.S-China trade tussle, which in turn, kept a lid on the ASX-listed energy stocks. Will the future change in August could bring some good news to the ASX-listed energy players.

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