Crude Oil Jan 25 (CLF25.NYM)
| Pre. Settlement | N/A |
| Settlement date | 2024-12-19 |
| Open | 75.00 |
| Bid | 73.00 |
| Last price | 74.93 |
| Day's range | 73.13 - 75.21 |
| Volume | |
| Ask | 74.79 |
- Yahoo Finance Video
Trump should expect hurdles in promise to lower energy costs
"We will drill, baby, drill," former President Donald Trump exclaimed at last week's Republican National Convention (RNC), promising to bring down inflation and drive energy costs lower. Senior business reporter Ines Ferré elaborates on the difficulties a potential second Trump administration may face in reaching this goal on oil (CL=F, BZ=F) and gas prices (RB=F), namely whether corporations would be willing to comply and the direction regulations could swing energy costs. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Yahoo FinanceTrump wants to bring down energy prices — why that's not easy
Republican presidential candidate Donald Trump said his top priority if reelected to the White House will be to “drill, baby, drill” to lower the cost of energy. Oil companies may not comply.
- Yahoo Finance Video
US election, restrictions could drive oil supply 'angst'
Oil prices (BZ=F, CL=F) break out of their three-day losing streak Wednesday morning due to falling US crude supply. Truist Securities energy research managing director Neal Dingmann joins Morning Brief to discuss the movements in oil prices and what they could look edging closer to the presidential election in November. "At least for the remainder of this year, we see prices remaining around this level, the $80 level. I think what's caused, by the way, the last selloff is just a little bit of abatement of the geopolitical risk. But when you look up in the election and especially when you know, again, let's assume... former President Trump would take office in January... I think you would have immediately much less energy restrictions," says Dingmann. He continues with: "And the reverse if, Kamala Harris is elected and the Democrats stay in office and a lot of energy restrictions are maintained, I think you have an angst that production will potentially even fall from from current levels as sustainable... and as a result, I think that could cause prices to go up even over $90 a barrel." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
