Trump’s Oil Woes Are Investors’ Gain
- Money managers extended bets on oil before Trump blasted OPEC
- Gasoline prices are expected to rise more, hurting consumers
Trump One of Many Wildcards in Oil Market, Says Citi's Eric Lee
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President Donald Trump started a tug of war with the oil market and lost the first round.
Hedge funds extended wagers that oil and gasoline prices will rise days before Trump blasted OPEC on Twitter for making oil prices “artificially Very High.” They were vindicated by a second straight week of gains that threaten to wipe out some of the household savings from Trump’s tax cuts.