Investopedia | Oil prices dip as demand outlook dims; Iran sanctions provide some support Reuters Singapore-based brokerage Phillip Futures said on Monday that “trade protectionism and escalating tensions between the world's largest economies (The United States and China) have cast a looming shadow on global oil demand growth in 2018.”. Crude Oil Price Forecast: Oil Prime for Breakdown Oil falls as demand outlook clouds over Oil Holds Steady as Iran Supply Fears Offset Jitters Over Turkey |