Well...it is down nearly -$4.00 now or -6.92% at $53.24
Pres. Trump reiterates his desire that he would like will prices lower. I don't know if he's watching the market but WTI crude oil futures are currently down around $4 on the day or -0.694% at $53.23. That is down from an October $76.90 on October 3rd, 2018.
I am not sure the oil producers are all that happy, but the consumers should be happy.
Trump adds:
- He is not going to destroy the world's economy by being tough on Saudi Arabia
Some may argue tariffs might be doing that.
More Trump. This time he is on the Fed:
- I would like Fed rates lower
Would it be presumptuous for me to assume he wants natural gas prices down and temperatures higher?
Natural gas has moved sharply higher this year as winter got off to a early start in the Northeast US. It also has caused havoc for at least one hedge fund who thought selling call options in Natural Gas was a great way to leverage results (see Adam's earlier post). He and his clients paid for the lack of judgment and risk control.
