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After three consecutive rises, oil prices have retreated, and institutions expect a slow and sustained decline.
Jin10 data reported on July 10, crude oil turned to fall after three consecutive rises. Ritterbusch pointed out in a report: "We still believe that Trump's tariff policy poses a significant adverse factor to the growth of the U.S. economy." The agency believes that oil prices are in the "final stage" of a $5 rise, but expects the upcoming downward process will not be a rapid, one or two-week big dump, but rather a slow and sustained decline.