from Chinese exports and worries of US gasoline demands after reserves in the US surged in Q2/2017. However, demand in Indonesia and Middle Eastern countries adjusted upwards during the Ramadan month in
and the eruption of an oil price war between Saudi Arabia and Russia, there were rising fears that the economy would plunge into deep recession – a signal of an imminent economic crisis. Given this
institutions in the US revealed their losses from US subprime investments. Worries over recession of the real estate sector in the US stock market led to investors' portfolio adjustments and capital outflows. In