David Zernhelt + 6 DZ July 2, 2019 (edited) Today, crude oil price started out @ $59.43 and later this afternoon - bottomed down to $56.25 (minus or plus 7 cents in its toggling). I really do believe crude is in excellent demand, but again, the Trump administration is artificially holding crude oil prices down in every way possible. With OPEC having made their newest agreement, I think their cuts should have been more substantial than what they already had been. It’s a shame that Trump is using the TARIFF GAME with Europe now too. I think these tariff & trade war games are what is artificially hurting the market in most of its corners. Trump may be trying to force the U.S. economy into a bad recession. All of what’s impacting the market today involves all of Trump’s decisions and in all of his news announcements about trade wars & tariffs. I think it’s time that everyone let the truth be understood & stay away from investing into oil while Trump is President. And I’m sure Trump had a large investment into “Inverse Oil Stocks/ETFs” and is making a fortune off of crude oil prices falling....while some investors try to have faith, but keep losing money. Again, it’s a good time to find better things to invest money into than crude oil. It’s Trump’s fault - he’s failing the American Investors and destroying the crude oil market. Wouldn’t surprise me if oil prices end up sinking down to $20.00 in the height of Trump’s plans with the oil market. It will happen in the time to come. Edited July 2, 2019 by David Zernhelt Quote Share this post Link to post Share on other sites
Jonathan Kajdman 0 July 2, 2019 If what you are saying is true, then that would be catastrophic for countries like for example Saudi. There are more countries that have more interests in keeping the prices much higher than $20 than letting Trump hurt the market. The market will be more volatile during a certain period but I don't think the prices will drop that much. Quote Share this post Link to post Share on other sites
David Zernhelt + 6 DZ July 2, 2019 I think it’s because Twitter’s enforcement of new rules pissed him off...lol. But seriously - he cheated people in his casinos and now he gets to cheat the market. Donald “Inverse Oil Stocks” Trump he seems to be most of the time my instincts tell me. 1 Quote Share this post Link to post Share on other sites
James Regan + 1,776 July 2, 2019 8 minutes ago, David Zernhelt said: I think it’s because Twitter’s enforcement of new rules pissed him off...lol. But seriously - he cheated people in his casinos and now he gets to cheat the market. Donald “Inverse Oil Stocks” Trump he seems to be most of the time my instincts tell me. 🤔🤔🤔🤔 Quote Share this post Link to post Share on other sites
footeab@yahoo.com + 2,132 July 3, 2019 7 hours ago, David Zernhelt said: It’s Trump’s fault - he’s failing the American Investors and destroying the crude oil market. Wouldn’t surprise me if oil prices end up sinking down to $20.00 in the height of Trump’s plans with the oil market. It will happen in the time to come. New case of stupid: If this were true... trying for $20/barrel... then there should be no sanctions on Iran/Venezuela New case of stupid: USA "investors" are in the shale market, not the daily traders playing at a casino Quote Share this post Link to post Share on other sites
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