• Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

Citi outline bearish and bullish risks for oil under Trump

Started by forex4you, Jul 26, 2024, 07:42 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

Citi outline bearish and bullish risks for oil under Trump

Reuters have the piece from a Citi report on politics / oil.

In brief:

Trump presidency could be net bearish for oil prices

  • combination of factors including tariffs and oil-friendly policies, and pushing the Organization of the Petroleum Exporting Countries and allies (OPEC+) to release more oil into the market

The main bullish risk for oil markets under a Trump presidency would be would be pressure on Iran, though this could have a limited impact.

  • a "maximum pressure" campaign on Iran, the market could see a 500-900 thousand barrel per day impact on Iranian oil exports

---

More immediately, Citi enumerate known risks:

  • hurricane season is far from over
  • Mideast tensions remain high ... pressure has also been mounting for a push for a ceasefire, which could conceivably be forthcoming this summer


                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Citi outline bearish and bullish risks for oil under Trump

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com