Trump’s jawboning helps keep oil prices in check—but markets may test it soon

Trump’s jawboning helps keep oil prices in check—but markets may test it soon

If the crude oil market hasn’t yet fully priced in the Gulf war supply squeeze, it’s because Trump has been talking prices down. But the reality of physical oil shortages could catch up over the next two weeks, exposing the White House’s game.

The White House is, so far, winning the fight over the oil markets narrativeperiodically raising the prospect of an end to the conflict even as the bombing carries on unabated. Three and a half weeks… [+5727 chars]