TSLA
Tesla
-- 456.235 NVDA
NVIDIA
-- 139.280 PLTR
Palantir
-- 82.042 RGTI
Rigetti Computing
-- 14.1601 LAES
SEALSQ Corp
-- 8.230 
Any chance Oil price will drop further when Trump officially...
Any chance Oil price will drop further when Trump officially starts to work as the President of the USA. His policy is to lower down US Gasoline prices to a more affordable price as he promised to lower down the cost of living in the US during his rally speech? One way is to release more reserve oil fields to boost up US production capacity.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
田東正 : Americans have high wages, and shale oil has high extraction costs. American petroleum has no competitiveness in the international oil market, just like the American auto industry, which can only rely on government subsidies to survive!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Dragon Fish OP 田東正 : Are you kidding? The US is the largest oil producer now. Can anyhow produce as they like without need OPEC+Russia approval.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
investingnews.c...
Dragon Fish OP : During Donald Trump's first term (January 2017 - January 2021), oil prices varied significantly due to various economic and geopolitical factors, as well as the onset of the COVID-19 pandemic. Here’s an overview of the range:
1. 2017 - 2019: Oil prices generally fluctuated between $45 and $75 per barrel (WTI crude).
2017: Prices started around $52 per barrel, gradually rising to about $60 by year-end.
2018: Oil prices peaked near $76 per barrel in October, but by year-end, they dropped below $50 due to market adjustments.
2019: Prices mostly stayed in the $50-$65 range, influenced by U.S.-China trade tensions and OPEC production adjustments.
2. 2020: This year was highly volatile due to the pandemic.
Early 2020 saw prices in the $50-$60 range.
In April 2020, WTI crude futures went negative briefly (reaching -$37 per barrel) because of a collapse in demand and storage capacity issues.
Prices recovered to around $40-$50 per barrel by the end of the year as the economy began to recover and supply cuts were implemented.
Overall, the range of oil prices during Trump's first term was roughly - $37 to around $76 per barrel, though prices were mostly in the $45-$75 range during normal economic conditions.