White House says Trump is reviewing all credible options on oil prices
Newsquawk Staff ·
White House says Trump is reviewing all credible options on oil prices.
What it means
The White House's announcement that Trump is considering various options to address oil prices signals potential volatility in energy markets. This could indicate an upcoming shift in policy regarding oil supply and pricing, which may impact inflation expectations and risk sentiment across multiple asset classes, particularly commodities and currencies. Traders should watch for further developments as any concrete actions or statements could significantly influence WTI prices and related markets.
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
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