Posted on 04/11/2018 7:35:37 AM PDT by bananaman22
Oil prices soared on Wednesday morning after U.S. President Donald Trump tweeted earlier in the day that Russia would better “get ready” for U.S. missiles in Syria.
At 08:33 a.m. EDT on Wednesday, WTI Crude was above $66 and Brent—above the $71 mark. WTI Crude was up 0.92 percent to $66.12, while Brent Crude had jumped 0.87 percent at $71.66.
“Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will be coming, nice and new and “smart!” You shouldn’t be partners with a Gas Killing Animal who kills his people and enjoys it!” President Trump tweeted early on Wednesday, sending oil and gold surging as investors fear potential oil disruptions in the Middle East on the one hand, and flock to safe-haven gold on the other.
(Excerpt) Read more at oilprice.com ...
No, Trump did not make the prices go up! The ass$whole who wrote that should not be allowed to write ever again.
With every tweet, with every word, President Trump makes American industry great.
“We are pricing the expectation of a strike on Syria,” said Olivier Jakob, managing director of consultants Petromatrix GmbH in Zug, Switzerland.
“Then we need to reassess once it has been done to see how much of an escalation that we have.”
As a reminder, crude spiked in April 2017 when Trump fired the Tomahawks at Syria, then reversed... and then ran higher once again...
Looks like you have about 0.0% evidence for your claim
Right, oil always goes up when there is turmoil like this in the ME.
We’re already paying higher prices at the pump, for Trumps abandonment of his promise to keep US out of Mideast wars. What’s next, $4 a gallon?
I've been running off both the bottom and the top of my tank of late, getting a few gallons to get me through when the price spikes, and keeping it topped ofs when the price falls. Just topped it the other morning, glad I did.
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