Global crude oil prices have fallen to two-month lows in recent days amid concerns that the ongoing trade dispute between the US and China could slow global demand growth.
US President Donald Trump said this week that he was not rushing to reach a trade agreement with China, increasing uncertainty around the possibility of a trade deal being reached by the two countries any time soon.
At the same time, ongoing efforts by OPEC and Russia to curb production and supply disruptions stemming from geopolitical uncertainties in Venezuela and US-imposed sanctions on Iran have provided a floor for crude oil prices.
But how has this recent movement in global crude oil prices affect the Middle East crude market? S&P Global Platts editors Eesha Muneeb and Andrew Toh discuss.