Oil price begins to move upward from its MArch 'Trump' lows of $65, Trump will impose Tariffs on countries importing Russian oil, also Trump politically motivated Tariffs on Venezuela to pressure socialist President Nicolás Maduro. Trump's decree is to celebrate his April 2nd "Liberation Day", with U.S. tariffs on the whole world.
Donald Trump's attempt at dropping the price of oil, has not been going to plan, as it is bid over $69 due to demand picking up and tariff issues that may be implemented to buyers of Russian oil, due to Vladimir Putin ignoring Trump's attempt at Corporatism (American companies in Ukraine, mining Rare Earths and taking control of Ukraine aging nuke facilities, while offering occupied Ukrainian territory to Russia) as a peace plan to solve the Ukraine/Russian war. Russia is still attacking Ukrainian cities. Also note that Trump has placed Tariffs on countries buying Venezuela oil, to put pressure on Nicolás Maduro’s socialist government which could also indicate a possible U.S. military action at some point.
Trump's 2nd April "Liberation Day" = tariffs on all U.S. trading partners, which is the whole world.
Crude daily support os $69, with price resistance at the psychological $70 Current bid at $69.75
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