President Trump says he would like the price of oil USD 53/bbl, via Fox's Ed Lawrence
Newsquawk Staff ·
President Trump says he would like the price of oil USD 53/bbl, via Fox's Ed Lawrence.
What it means
President Trump's comments about his preferred oil price of $53 per barrel could signal potential intervention or policy shifts concerning energy prices. This stance may impact market sentiment, particularly in oil-related assets, and could lead to volatility in currencies associated with energy exports, like the CAD and NOK.
Sources
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus
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