Oil stays bid, on the Federal reserve cutting 0.25% from the benchmark rate. pressured by President Trump. Stagflation which has been lite for over 2 years, may become more evident on USD weakness, Fed cutting 0.50% towards the end of the year, and food/oil/energy costs skyrocketing. You voted for him.

 

The Fed cuts rates at 0.25%, for the floating rate of 4.00% 4.25%.  Part of Trump reassuring the Federal Reserve to cut to 0%, which of course will frimley imprint stagflation into the American economy, which was always here, now it will be more obvious.  Remember rule of thumb, more debt, less money supply will mask hyperinflation for only so long. 

The oil price stays reaserbond, bid pover $63 on Russian oil disruptions, and any Middle East tensions, as Trump allows Israel to carry out any preemptive strikes it wishes on its Arab neighbours. How long this can occur without eventual oil/energy sanctions on Israel from the Arab States is an unknown.

Also note, Trump's quasi military action against Venezuela, will also support the oil price.  

___

All oil price and analysis on CHIASMUS:  chiasmusmagazine.blogspot.com/search/label/oil%20price