Biden has banned new offshore oil drilling along the Atlantic and Pacific coasts of the USA, and it will be difficult for Trump to reverse this decision.

① Biden has permanently prohibited oil companies from obtaining new Oil & Gas drilling leases in approximately 0.625 billion acres of offshore waters; ② The US Energy industry has expressed dissatisfaction and called on Trump to use all tools to overturn this policy; ③ Due to legal restrictions, Trump finds it difficult to simply reverse Biden's decision, while some Republican politicians in coastal states also support this policy.

cls.cnJan 6 21:35

Unusual Options Activity: BP, TPR and Others Attract Market Bets, BP V/OI Ratio Reaches 156.3

EST Jan 7th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options

Futu News02:30

Shares of Oil and Gas Companies Are Trading Higher After President-elect Donald Trump Said That He Will Reverse President Biden's Ban on Offshore Drilling. Also, Natural Gas Rose on Cold Weather Forecasts.

Benzinga02:28

Crude Futures Resume Rally After Pullback -- Market Talk

WSJJan 7 22:41

Oil Price Rises at the Start of the Year – Commerzbank

FXStreetJan 7 21:11

BP Is Maintained at Equal-Weight by Morgan Stanley

Dow JonesJan 7 19:32 · Ratings