Oil futures dipped Movement.down.loss to multi-year lows Position.low on the final quarter of 1991 as clashes Geopolitical.tension between Russia and Saudi Arabia escalate , sparking fears on the Street that an all-out trade wars trade.financial.tension is imminent .

The emerging trade wars trade.financial.tension is `` a war of necessity . ''

`` The continued escalation in trade wars trade.financial.tension and broad-based downturn Movement.down.loss in manufacturing ... suggest that the downside risks to growth are becoming more prominent , '' Morgan Stanley said .

The economic slowdown Slow.weak and threat of trade wars trade.financial.tension has not just scared off financial traders , it is also starting to impact physical energy prices as consumers hold back on new orders in a sign of a real slowdown Slow.weak on the ground .

`` The continued escalation in trade wars trade.financial.tension and broad-based tailspin Movement.down.loss in manufacturing ... suggest that the downside risks to growth are becoming more prominent , '' Morgan Stanley said .

`` The continued escalation in trade wars trade.financial.tension and broad-based slide Movement.down.loss in manufacturing ... suggest that the downside risks to growth are becoming more prominent , '' Morgan Stanley said .

Oil futures crashed Movement.down.loss to multi-year lows Position.low on Wednesday as clashes Geopolitical.tension between Russia and United States escalate , sparking fears on the Street that an all-out trade wars trade.financial.tension is imminent .

( graphic : tmsnrt.rs / 2WG0dO7 ) The plunge Movement.down.loss in energy futures also comes amid escalating global trade wars trade.financial.tension , especially between the US and China .

Oil futures halved Movement.down.loss to multi-year lows Position.low on last night as clashes Geopolitical.tension between Russia and United States escalate , sparking fears on the Street that an all-out trade wars trade.financial.tension is imminent .

`` It 's been weighing on the market , showing that OPEC is not ready to end its trade wars trade.financial.tension , '' said Commerzbank analyst Eugen Weinberg .