Oil prices plunge after Trump Truth Social post | Ed Conway analysis
Donald Trump is wreaking havoc on the financial and oil markets.
His contradictory pronouncements send prices up – and then down – sometimes within hours of each other.
Sky’s economics and data editor, Ed Conway, takes a look at how the US president’s comments are affecting the markets.
Read more: https://news.sky.com/story/iran-latest-trump-tehran-israel-strikes-us-drone-live-sky-news-13509565
#iran #straitofhormuz #middleeast #globaleconomy
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36 Comments
Shows how BS the prices are. Should not be an effect to the consumers prices at the pump unless theres an actual effect to the availability. Clearly theres not if they can drop the prices by this much for a complete BS social media post by a complusive liar that Iran has completely denied unsurprisingly
"plunge", still up 50% from a month or two ago
Excellent G7 energy metrixs overview!
Trump is f ing around and robbing us
..roller-coaster cuz a lot of investors still belive that orange lunatic in white house… oil is at 100 and will go up again…lies have short legs..
Iranian denied the negotiation
❤
6:06 fails to mention all the borrowing labour are doing which is actually why borrowing costs goes up. Sky in Leibour pocket as per
There's no talks …. total lies.
Can’t wait to watch the price at the pump plummet tomorrow. Oh what that’s not how it works it only goes up in big leaps each day as fuel prices change but takes months to go down
The Strait remains closed not to open anytime soon, but just talking about it causes pricing of fossil fuels to go up and down in a few hours. So what is the actual relationship between supply and demand, neither supply or demand change in a few hours and the Strait well never be the same as it once was.
I was bored of the Trump act in 2020 but thanks to Americans for irritating the world with part two of the same, repetitive rubbish.
First chart has the wrong scale, $ per gallon but says $300 😬 more like cents per gallon 👍 opps😅
It's almost like it's not a good idea to tie your economy to a product that's so volatile and easy to manipulate.
Gold is crashing.
TACO
Point is that Iran states , they never had a call, all fake news. I don't know who to believe, However here is a possible way: Trump was to bomb the Iran power plants. Iran stated they would target the Salt extraction/purification stations in the neighbouring countries. I am sure those countries called Trump warning for the disaster. Trump got scared and needed a way out… That is why he posted it and delayed the strikes… Not knowing what to do….
It literally blows my mind how anyone in the market can actually believe a word that comes out of Trumps mouth on this war and not understand that he's just lying to manipulate the market. Real people lose money and the big shots buy the dip.
My investment in rare fish is finally paying off
Labour still making a fortune!
Another grest segment from the presenter. Dont know his name but very detailed understandable.👍👍
There are no ongoing discussions between US and Iran. Complete lie to buy him time. This is going to get VERY ugly.
It's nuts that people put stock in anything Trump would say.
Why do markets believe in trump’s comments. He’s always bullshitting everyone
The guy is a wonderful journalist. The communication and approach is spot on.
Love these reports. Ed Conway gives excellent analysis.
Like EVERYTHING with TRUMP: IT"S A SCAM. IT'S A CON. Wake up everyone.
insider trading. everybody knows it. look at the hedge fund Citadel
Trump is the only American president whose words are not listened to by any country. For the first time, America has become the laughingstock of the world.
Drill the north sea, become self sufficient on energy, lock the interest rate at 1%, let trump and Iran do wat they want,,,,, simple
Diaper Donald playing craps with the stock market.
PROOF Trump is deliberately manipulating the financial markets to make MASSIVE PROFITS for his MAGA Republican Cult BILLIONAIRE OLIGARCHS! A GLOBAL RECESSION IS COMING! BE PREPARED!
Uk fuel would be cheaper if the government didn't rip us off
Refineries pays over 140usd per barrel as for today. Brent crude has nothing to do with reality. Even Urals price reached 104USD today. Pure manipulation.
And the goverment is not going to do ANYTHING
This is shocking how one post changes everything
I dont quite understand how the numbers can change so drastically just by the words of one president of one country. I mean it just seems to be a recipe for disaster that the numbers can change so much by two or three words of one man. Bizarre.