When Trump Tweets and Oil Prices Fall: A Week of Global Upheaval
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When Trump Tweets and Oil Prices Fall: A Week of Global Upheaval
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About this listen
Geopolitical tensions between the US, Israel, and Iran create market turbulence while devastating storms in North Dakota destroy up to 100 million bushels of grain storage capacity.
• Crude oil prices crash from near $80 to $65 following Trump's social media posts about Middle East agreements
• North Dakota hit by derecho with hurricane-force winds exceeding 100 mph
• Storm damage includes 50-100 million bushels of grain storage capacity destroyed
• Farm fields filled with debris requiring cleanup before harvest equipment can enter
• Senate working on budget reconciliation bill with agricultural provisions
• Federal Reserve communications hint at potential interest rate changes
• Upcoming USDA acreage report expected to move markets
We'll be back with our official Week in Review episode after this wild week concludes.
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Thank you, Tommy G