My people, what's up! 🌎 Things are heating up in the Middle East, and even Donald Trump himself got involved in the gossip about oil prices. Yes, the former president issued a very serious warning! 🚨
Imagine that on Monday, Trump went to his social media, Truth Social, and sent a direct and straightforward message: "EVERYONE, KEEP OIL PRICES LOW. I AM WATCHING YOU! YOU ARE FALLING INTO THE ENEMY'S HANDS". Just like that, in all caps! 🗣️ This happened right after the United States gave some "loving touches" to some nuclear facilities in Iran, which obviously raised alarms about potential problems with global crude supply.
And what happened after Trump dropped the bomb? Well, bingo! Oil prices went down. U.S. crude fell by $0.75, settling at $73.09 a barrel, and Brent, which is the global benchmark, dropped by $0.73, reaching $76.28. It's true that prices had gone up a bit on Sunday night, but Trump's warning seems to have quickly cooled things down. 🥶
Trump's message wasn't just for outsiders; he also had his eye on producers here in the United States! He told them: "DRILL, GUYS, DRILL! AND I MEAN IT! NOW!". But between us, experts say that oil production in the U.S. is not governed by what the government says, but by what private companies decide, you understand? They are the ones who call the shots in the market. 🧑💼
To show you that this is serious, even the White House, through its spokesperson, Harrison Fields, added fuel to the fire and repeated Trump's idea: that producers need to keep prices low or they are playing into the enemy's hands. Although no one knows for sure who Trump was speaking to directly, analysts believe the message was aimed at producers here and also at the OPEC+ nations, who are the ones pulling the strings of oil globally.
So, stay alert! Because in this oil dance, there are many interests and international politics plays a huge role. Will Trump's pressure manage to keep prices in check? 🤔$BTC $BNB $ATOM
