Oil prices are down but prices at the petrol pump aren’t

Nickel, iron ore and oil all dropped, and shares of resources companies slipped in Asia.

OIL’S popularity isn’t what it used to be.

It’s not just a looming global trade war. As I’ve written, not only will tariffs and retaliatory measures stifle the activity that normally stokes consumption, they’ll squeeze economies everywhere. That’s a good way to stifle demand.