Trump just threw cold water on any Iran deal hopes. Says no negotiations happening, and oil won't drop until after midterms.
He's calling for lower prices soon, but the market's not buying it. Brent crude jumped past $101/barrel immediately after his comments.
The disconnect is loud: President says prices will "tumble downward," traders push them higher. Classic case of words vs. reality.
Energy stocks and inflation-sensitive names are reacting. If oil stays elevated through summer, that's a headwind for consumer spending and margins across the board.
Watch how this plays into Fed policy and earnings guidance over the next few weeks.
He's calling for lower prices soon, but the market's not buying it. Brent crude jumped past $101/barrel immediately after his comments.
The disconnect is loud: President says prices will "tumble downward," traders push them higher. Classic case of words vs. reality.
Energy stocks and inflation-sensitive names are reacting. If oil stays elevated through summer, that's a headwind for consumer spending and margins across the board.
Watch how this plays into Fed policy and earnings guidance over the next few weeks.