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Oil Holds Near 2025 Low as Traders Flee Market Post-Trump
Oil held near the lowest level of 2025 with traders continuing to exit the market in the weeks following President Donald Trump’s inauguration. West Texas Intermediate traded near $71 a barrel Wednesday, a nearly 10% drop from January highs, as Trump’s hawkish positions on everything from war in the Middle East to tariffs on energy weigh on sentiment. Investors pulling out of crude and fuel markets triggered a $17 billion net outflow in the week ending Jan. 31, JPMorgan Chase & Co. analyst Tracey Allen wrote in a note to clients. “Traders are pulling bets on the direction of crude right now,” said Joe ... (full story)
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- Posted: Feb 5, 2025 1:01pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 76
