Skip to comments.Trump Tweet Sends Oil Soaring 25%
Posted on 04/02/2020 8:40:09 AM PDT by bananaman22
Oil prices spiked on Thursday morning after U.S. President Donald Trump said that he spoke with the Saudi Crown Prince, and hoped and expected that Saudi Arabia and Russia would cut back approximately 10 Million Barrels, and maybe substantially more, sending oil prices soaring by 20%.
(Excerpt) Read more at oilprice.com ...
The statement from Riyadh is far more measured: call for an OPEC+ meeting with the aim of “seeking a fair agreement” — all code words from the Saudis for a deal needs to include cuts from every nation
The power of a tweet
As long as it doesn’t look like us crying uncle.
Gas prices in the York (PA) area have dropped like a stone. I use Ethanol-Free 90oct in my 2019 Jeep HEMI V8, and it’s dropped from $2.99/gal to $2.09/gal, as of this morning’s 24gal fill-up. Reg 87oct is down to $1.09/gal.
$1.49 in Tulsa yesterday... havent been out yet today
Watch out, the rats love to try go after a gas tax increase when the prices are down. Especially when they are a percentage. That way they can say “hey it’s only few cents per gallon”.
Better get ready for an attack on him via the emoluments clause. “How much money did he make in the market by saying this?”
Our prices are still higher than any other state, but here in San Jose I saw one station selling premium (91 octane) for under $3.
Yet one more reason that the left absolutely hate Donald John Trump.
He can move markets by 500 points with a single one line message, delivered via a twatter.
They cannot understand nor accept the power that Trump demonstrates, just by being himself.
There are no affectations, no false modesty, just straight forward, make a phone call and report on results.
Oh, Thank You Dear God, I have waited all my life for a President like this one.
Thank you for saving us from cheap gas. I feel so much better now.
Pretty sure prices are rising in New York, everything is backwards here
A tariff on crude oil imports would have made much more sense.
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