Oil price forecast: frothy with high likelihood of Trump tweet storm [CNBC]
IHS Markit Ltd. Common Shares (INFO)
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Source: CNBC
Oil price forecast: frothy with high likelihood of Trump tweet storm Jonathan Ernst | Reuters President Donald Trump boards Air Force One for travel to New York from Joint Base Andrews, Maryland, U.S. July 28, 2017. Rising oil prices at the start of 2018 prompted President The cost of Brent crude oil soon rise toward $75 a barrel Brent has rallied 27 percent his year, while U.S. benchmark West Texas Intermediate crude beating bearish forecasts The setup was similar last year when Trump fired his first presidential salvo at OPEC at the end of April, followed by several more tweets throughout 2018 put the group on notice @realDonaldTrump: Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile! "You've got to believe we're due for a Trump tweet at some point," said John Kilduff, founding partner at energy hedge fund Again Capital. Trouble at the pump Rising oil prices are starting to hit Trump where it hurts: the gasoline pump. U.S. gas
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