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Oil prices may need to fall another 20% before a 'Trump put' stops this year's slide

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Wall Street analysts have been lowering their price target for crude in recent weeks as demand fears grew out of an escalating trade war sparked by Trump 's tariff policy.

The Organization of Petroleum Exporting Countries and its allies voted to increase output next month .

Industry insiders have highlighted that the rising cost of drilling is already causing production to plateau.