London Oil Party Week Is Gripped by Talk of Donald Trump
- Traders cautious in face of US policy deluge so far this year
- Crude has largely been stuck near $75 for several months
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The world’s oil traders descended on London this week, and in the bars and hotels of the city’s Mayfair district they were getting re-accustomed to checking their phones for what Donald Trump might say next.
Since returning to the White House, the president has railed against the OPEC+ alliance, pledged to slap tariffs on some of America’s largest energy suppliers, and made initial efforts to end the war in Ukraine.