notsonice + 1,281 DM 14 hours ago (edited) love the fast action in the Asian markets........ Who needs oil if you do not have a job............. Crude oil getting hammered caused by the Global recession Trump is creating.......... Can you go without your cup of Joe in the morning???? ha ha ha ....good luck Latest news posting on the Wall Street Journal https://www.wsj.com/finance/commodities-futures/oil-futures-fall-after-trump-calls-for-tariffs-on-colombia-5b2a178c Oil Futures Fall After Trump Calls for Tariffs on Colombia Jan. 26, 2025 9:23 pm ET 0219 GMT — Oil futures are lower in early Asian trading, following President Trump calling for 25% emergency tariffs on Colombian imports, affecting the stability of the global economic market, Saxo Markets’ APAC research team writes in a note. Geopolitical events will likely keep the oil market volatile, while fundamentals are unlikely to change in the short-term, ANZ research analysts say in a commentary. Front-month WTI crude oil futures are 1.2% lower at $73.77/bbl; front-month Brent crude futures are 1.2% lower at $77.58/bbl. (kimberley.kao@wsj.com) Edited 14 hours ago by notsonice Quote Share this post Link to post Share on other sites
Ecocharger + 1,520 DL 3 hours ago (edited) Some Big Oil companies are upset at the prospect of seeing their transitional investments into clean oil now apparently stranded by the change in direction of the federal policies under Trump. However, those assets were probably misinvested anyway and were big losers in terms of returns. Trump is way ahead of the curve. https://oilprice.com/Energy/Crude-Oil/Oil-Executives-Fume-as-Trump-Shakes-Up-Climate-Rules-Again.html "The good news is that most of them are already walking back their transition targets after those targets proved quite unrealistic. Even European Big Oil is going back on transition promises after discovering these promises could not be fulfilled—not at a profit, at least." Edited 3 hours ago by Ecocharger Quote Share this post Link to post Share on other sites
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