Paul Sankey, Sankey Research, joins 'Fast Money' to talk why he thinks oil prices will climb under Trump 2.0.
Crude oil approaches first key support zone at $75.31–$75.54 as selling pressure intensifies, signaling potential for either reversal or deeper bearish correction.
U.S. President Donald Trump on Thursday proved that words can be just as powerful as actions, after his promise to ask the Saudis and OPEC to lower the cost of oil led to a downturn in crude prices.
President Donald Trump spoke to global business leaders gathered in Davos for the World Economic Forum via video link. He covered a wide range of topics and took questions from executives including Blackstone's Stephen Schwarzman and Bank of America's Brian Moynihan.
U.S. President Donald Trump on Thursday said he will demand Saudi Arabia and OPEC bring down the cost of oil and will ask Riyadh to increase a planned U.S. investment package to $1 trillion from an initial reported $600 billion.
President Donald Trump has pledged to bring down interest rates and reiterated his intention to introduce aggressive tariffs during an address at the World Economic Forum in Davos. Speaking via video link, the speech marks Trump's first significant address since his re-inauguration.
Oil turns lower after Trump says he'll ask Saudi Arabia and OPEC to bring the price down
It looks like crude oil is stabilizing a bit during the early hours on Thursday, as we had recently seen a significant pullback after a massive breakout, I suspect that there will be a lot of value hunters willing to get involved in both grades of crude oil that I
Saudi Arabian Finance Minister Mohammed Al-Jadaan discusses the impact the new Donald Trump administration could have for the US and global economies. He also talks about the kingdom's multitrillion-dollar economic transformation plan known as Vision 2030.
Crude oil struggles at $75.47 pivot as U.S. stockpiles rise 958,000 barrels against expected drawdown. Trump's tariff proposals add uncertainty to global demand outlook.
Natural gas and oil prices face bearish pressure as rising U.S. stockpiles and geopolitical uncertainties cloud market sentiment.
WTI crude oil drops from strong resistance amid concerns over President Trump's trade policies, while natural gas prices remain strong.