Trump's speech didn't move the market - something happened with oil ... it stabilized ...
Obama could NEVER do this.
Feds are going to buy oil while the price is low.
I think both, the presser is a 10 out of 10.
Yeah he did. He’s filling the SOR.
That has a huge effect on oil prices
“Trump’s speech didn’t move the market - something happened with oil ... it stabilized ...”
Trump announce we are filling our strategic oil reserves completely up. So could he help support the Oil sector
Market is up over 9% now. I doubt just be oil related. More likely due to the Stimulus cash announcement. A lot businesses are going to get their fingers in that spending pie.
That's not true. I was watching oil during the speech and it did NOTHING, while the Dow shot up 770 points.
Then AFTER Trump mentioned buying "a ton" of oil, the price went up nearly $2 per barrel.
Trump announced today, massive oil buying from domestics to fill the US National Petroleum Reserve.
Trump said he was going to fill the oil reserves [the ones every Democrat president depletes to pay off their pals]... and he’s doing it while oil prices are lowest in years. I was hoping for gas below 2 bucks but at the same time we need to keep oil workers here employed so it cannot go too low or US sourced oil will be to expensive to extract.
Trump announced we were making major purchases of oil and completely fill up our strategic amounts
After oil tanked on Monday it stabilized at that price around $31.50 or so. Today crude was up about 5.9% but the DOW was up 9.3%.
The markets hate above all else uncertainty. Trump today has laid out a plan which is well thought out and more aggressive than any action I have ever seen in government.