Oil prices in the stranglehold of geopolitics

Also in 2019, the geopolitics of the American president should significantly influence the oil market. Experts expect that the trade war with China will lead to a significant slowdown in the global economy.

This in turn would dampen demand for the lubricant of the global economy. An economic downturn in China, the world's largest oil importer, could put the oil price under pressure this year.

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In all likelihood, at least a slight decline in demand for oil is offset by a strong increase in supply. The oil market threatens in 2019 an oversupply.

US President Trump is also partly to blame. After all, it was he who created the regulatory conditions in his own country that the US shale oil industry can foster what it has.

So again nothing can be excluded!