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ProShares UltraShort Bloomberg Crude Oil ETF Newsroom
Trump has demanded OPEC to lower oil prices for the second consecutive day, and Putin stated that he will talk with Trump to discuss Energy issues.
On Friday, USA President Trump once again called for the Organization of the Petroleum Exporting Countries (OPEC) to lower oil prices, hoping to undermine Russia's financial revenue from oil production and help end the Russia-Ukraine conflict. Putin had previously responded that he was ready to meet with Trump to discuss Crude Oil Product prices and Other Energy Sources issues. After a 1% drop on Thursday, oil prices continued to decrease slightly on Friday.
U.S. Oil and Gas Rigs Slide to Lowest Since December 2021, Baker Hughes Says
WTI Tumbles to Near $74.00 as Trump Urges OPEC to Cut Oil Cost
Crude Oil Extends Losing Streak as Trump Urges OPEC to Lower Prices
The "Understanding King" is online! Trump speaks intensively at Davos, claiming to understand interest rates better than Powell, discussing tariffs and oil prices.
Trump stated that companies not producing in the USA face tariffs of "hundreds of billions or even trillions of dollars". If produced in the USA, they can enjoy a reduction of corporate tax to 15%. The tariffs in Europe are too high, the regulations are too strict, and the trade deficit with the USA is too large, which will lead to measures being taken to ensure that the USA supplies Energy to Europe. Trump called on OPEC to "lower oil costs", stating that this would pressure Russia to end the Russia-Ukraine conflict, and demanded that the Saudi Crown Prince increase the promised investment in the USA to 1 trillion dollars. He also mentioned that he would "demand an immediate decrease in interest rates" and plans to have a conversation with Powell at an appropriate time.
Trump urges OPEC to lower oil prices, promising to actively promote interest rate cuts by the Federal Reserve.
① Trump demanded that OPEC countries such as Saudi Arabia lower oil costs at the Davos Forum, and called for immediate interest rate cuts to address economic chaos; ② He criticized the Biden administration for wasting $8 trillion on deficit spending, implementing destructive energy restrictions, severe regulations, and hidden taxes; ③ Trump praised SoftBank's commitment to invest in the U.S. and expressed hope that Saudi Arabia would increase its investment from $600 billion to $1 trillion.
Trump: Will ask OPEC to lower oil prices, requesting the Saudi crown prince to invest 1 trillion dollars in the USA.
On Thursday, USA President Trump delivered a video speech at the Davos Forum, urging the Organization of the Petroleum Exporting Countries (OPEC) to lower oil prices, which caused international oil prices to drop nearly 1%. He also suggested that to revive USA manufacturing, Saudi Crown Prince should invest 1 trillion dollars. Trump additionally called on European countries to reduce the tax and regulatory burden on USA companies.
Oil Volatile Amid U.S. Policy Uncertainty -- Market Talk
Gold remains at a high level, and the decline in oil prices seems unstoppable: how does the market interpret the Trump effect?
Has the rise of Gold slowed down due to a technical correction or a fundamental turning point? Oil prices have fallen for five consecutive days, and the market is waiting for further guidance on Trump's policies...
Oil Prices Dip Amid Tariff Threats And Russian Sanctions
Oil Futures Steady Weighing Trump Policy Moves -- Market Talk
An article to understand one of the top priorities after Trump took office: filling the Strategic Crude Oil Product Reserve.
Why has Trump promised to replenish the USA's Strategic Crude Oil Product Reserve?
Oil Prices May Move on Trump Administration's Policies in Near Term -- Market Talk
Oil's Downturn Temporary? Analyst Eyes Support At US$73
From strong performance to continuous decline: How did Trump shake the oil market?
Has Trump's Energy policy completely changed the oil market landscape? Analysts have differing views; will oil prices fall below $60 per barrel amid the tug-of-war between bulls and bears?
WTI Tumbles to Near $75.50 as Trump Plans to Boost Oil Output, Impose Tariffs
Trump's "Energy card": filling the SPR, lifting the LNG export ban, and exporting USA's energy to the entire world.
In his inaugural address, Trump promised to lower Energy prices, fill the USA Strategic Petroleum Reserve (SPR), lift restrictions on liquefied natural gas (LNG) exports, and export USA's Energy to the entire world. Trump also repeatedly promised to reduce Energy prices by 50% during his campaign. Analysts believe that Trump's commitment to lowering Energy prices by 50% is nearly impossible to achieve. In contrast, even during a global pandemic, which is a major disaster, the average Energy cost for Americans only decreased by less than 20%, and oil producers who verbally support Trump will see their profits squeezed.
Oil Prices Decline Amid Tariff Threats And Trade Concerns
Commodity Roundup: Oil Drop as Trump Vows to Pump More Oil; Gold Trade Cautiously
Oil Falls After Trump Vows to Boost U.S. Output -- Market Talk