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Oil: There's nobody around to catch a falling oil price – Danske Bank

The oil price sell-off has accelerated since Friday as the trade war deepened and the risk of a recession in the US rose, Danske Bank's FX analyst Frederik Romedahl reports.

Oil price sell-off accelerates

"OPEC+ decision Thursday effectively means there is no longer anybody around to catch a falling oil price. Hence, if other big countries retaliate this week and/or it becomes clear that the US goes ahead with it planned large scale tariff hike, the oil price could easily drop below USD60/bbl and further."

Energy: Oil pricing in big demand hit – ING

Oil prices have had their worst week since October 2023, with risk assets getting hit by US President Donald Trump’s reciprocal tariffs and the retaliation we have started to see towards them. China retaliated on Friday with a 34% tariff on all imports from the US.
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AUD/USD rebounds to near 0.6040 as China vows stimulus to support economy

The AUD/USD pair bounces back to near 0.6040 in Monday’s European session from the fresh five-year low of 0.5930 posted earlier in the day.
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