The value of the Oil Fund has fallen below NOK 19,000 billion, according to NBIM. The Oil Fund has lost over 1000 billion in the stock market drop so far this year. In particular, US stock exchanges have fallen dramatically. – When the stock market globally drops, the Oil Fund drops. It is to a large extent that the uncertainty Trump creates with the advertising of high tariff rates, which causes trade war and high unrest in the stock markets. This is stated by associate professor at NHH, Jøril Mæland.
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