US President Donald Trump’s weekend of oil diplomacy offered mixed messages on supply, and conflicting responses from traders after prices fell even as analysts predicted any drop may be short-lived. Crude fell in New York late Sunday after a Trump tweet over the weekend suggested that Saudi Arabia had agreed to pump 2 million more barrels a day. But follow-up statements from the White House and the Saudi Press Agency were more ambiguous. They both said the two sides had talked, but neither statement cited a specific target. In the short term, even the chance of a Saudi boost would likely lower prices, said Phil Flynn, a senior market analyst at Price Futures Group Inc. But the underlying dynamic of a market in which demand increasingly threatens to overtake supplies could push prices back up over the long run, he said.
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