23 January 2025: 16:30 GMT
Never a quiet day with Donnie back in action. Trump’s speech to the Davos conference was characteristically bombastic. For one, he said he’ll ask OPEC to reduce oil prices. Welcome back to the days of Trump making subtle hints that he wants prices lower . Many traders had been bemoaning the lack of volatility in 2024, but Trump 2.0 looks set to put an end to the dull days of tedium for traders dreaming of bouncy prices and rapid moves to pump up the adrenaline again!
Donald knocked a dollar off with a few words halfway through the window. From just over $79.40/bbl as his speech began, Brent flat price dumped to $78.40/bbl by the close! WTI got butchered even worse, falling from near $78.80/bbl to $74.70/bbl. In his ever-delicate approach to foreign policy, Trump accused the EU of treating the US poorly and he also suggested pursuing denuclearisation with Russia and China. He’s got ambition! Buckle up guys, we’ve got 4 years of this fun!
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