Free Trial

MNI Commodity Weekly: Oil Markets Assess Trump Impact

Executive Summary:

  • Oil Markets Assess Potential Trump Impact: The new U.S. presidency offers a significant shake up for oil markets, most notable in the short term on potentially harsher Venezuela/Iran sanctions and possible Canada/Mexico tariffs.
  • Oil Market: Crude markets have eased back from a high on Nov. 22 with easing Middle East risk premium weighed with uncertain fundamentals ahead of the OPEC+ minister meeting on Dec. 1. Diesel cracks reached the highest since July on Nov. 26 while gasoline cracks have lost ground although increased travel during the upcoming Thanksgiving holiday could provide a boost.
  • Analyst Views: See oil market outlooks by biggest names in industry. 

Full piece here:

Keep reading...Show less
115 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Executive Summary:

  • Oil Markets Assess Potential Trump Impact: The new U.S. presidency offers a significant shake up for oil markets, most notable in the short term on potentially harsher Venezuela/Iran sanctions and possible Canada/Mexico tariffs.
  • Oil Market: Crude markets have eased back from a high on Nov. 22 with easing Middle East risk premium weighed with uncertain fundamentals ahead of the OPEC+ minister meeting on Dec. 1. Diesel cracks reached the highest since July on Nov. 26 while gasoline cracks have lost ground although increased travel during the upcoming Thanksgiving holiday could provide a boost.
  • Analyst Views: See oil market outlooks by biggest names in industry. 

Full piece here:

Keep reading...Show less