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Trump Tweet Sends Oil Soaring 25%
Oilprice.com ^ | 04-02-2020 | Para

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 ...


TOPICS: Business/Economy
KEYWORDS: energy; hydrocarbons; maga; oil; oilmarkets; oilprice; oilprices; opec; trump; trumptweet

1 posted on 04/02/2020 8:40:10 AM PDT by bananaman22
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To: bananaman22

MAGA


2 posted on 04/02/2020 8:41:44 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion or satire. Or both.)
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To: bananaman22

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


3 posted on 04/02/2020 8:49:05 AM PDT by oincobx
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To: bananaman22

The power of a tweet


4 posted on 04/02/2020 8:50:27 AM PDT by silverleaf (Remember kids: You can vote your way into communism, but you have to shoot your way out!)
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To: silverleaf

As long as it doesn’t look like us crying uncle.


5 posted on 04/02/2020 8:53:11 AM PDT by thescourged1
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To: bananaman22

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.


6 posted on 04/02/2020 8:54:29 AM PDT by carriage_hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: carriage_hill

$1.49 in Tulsa yesterday... haven’t been out yet today


7 posted on 04/02/2020 8:58:26 AM PDT by nevermorelenore ( If My people will pray ....)
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To: carriage_hill

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”.


8 posted on 04/02/2020 9:03:47 AM PDT by gibsonguy
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To: BenLurkin

Better get ready for an attack on him via the emoluments clause. “How much money did he make in the market by saying this?”


9 posted on 04/02/2020 9:09:30 AM PDT by Quality_Not_Quantity (A law means nothing if it isn’t followed.)
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To: carriage_hill

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.


10 posted on 04/02/2020 9:10:00 AM PDT by ZirconEncrustedTweezers (Posting from deep within enemy territory - San Jose, CA)
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To: bananaman22

Great news!


11 posted on 04/02/2020 9:19:14 AM PDT by Rusty0604 (2020 four more years!)
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Comment #12 Removed by Moderator

To: 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%.

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.

13 posted on 04/02/2020 10:06:40 AM PDT by USS Alaska (NUKE THE MOOSELIMB, TERRORISTS, NOW!)
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To: bananaman22

Thank you for saving us from cheap gas. I feel so much better now.


14 posted on 04/02/2020 12:31:06 PM PDT by Tax-chick (Scapegoating is a textbook coping mechanism.)
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To: carriage_hill

Pretty sure prices are rising in New York, everything is backwards here


15 posted on 04/02/2020 12:32:28 PM PDT by 1Old Pro
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To: Tax-chick

A tariff on crude oil imports would have made much more sense.


16 posted on 04/02/2020 12:36:47 PM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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