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Barchart
Barchart
Andrew Hecht

Are Crude Oil Prices Too High?

Oil United States SCO Donald Trump Joe Biden Petroleum ETF Nymex

In my Q4 Barchart report on the energy sector, I concluded that the oil market faced bullish and bearish factors in early 2024, writing:

On January 20, 2025, U.S. energy policy did an about-face. Under the Biden administration, energy policy supported alternative and renewable fuels while inhibiting fossil fuels. The Trump administration has pledged to increase U.S. output to lower prices, fight inflationary pressures, reduce dependence on foreign sources, and increase export revenues. 

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