Goldman: Trump Wants Oil Prices in the $40-50 Range

david.cWorld News10 hours ago4 Views

Goldman Sachs analysis suggests that US President Donald Trump prefers crude oil prices ranging from $40 to $50 per barrel, as per his social media posts.
The current trading of crude oil prices is on the rise due to advancements in US-China trade negotiations, but there is an expected significant rise in US oil inventories.
There might be a conflict between Trump’s preference for lower oil prices and the requirements of US shale drillers, who need higher prices to sustain production.

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