RE: Trump Mexico Tariffs27 Jan 2025 20:04
Trouble is the Saudi’s need the oil price well in to the high $80s to balance their Budget. Trump tried to keep the lid on oil prices last he was in office , with some success if I remember correctly.
Trouble is Trump is reopening Fracking, and that’s more expensive to get out of the ground, so oil needs to stay around the $80 mark, then we’re all happy. I hope.