Oil insights with Harry Tchilinguirian | Is Trump Bearish for Oil? | S1 E14

World of Oil Derivatives

This episode of Oil Insights was recorded on 19th November, 2024 at 1:30pm GMT.

Onyx Research Associate Martha Dowding joins Group Head of Research Harry Tchilinguirian to discuss price action in the oil market over the past week. In the two weeks since Trump's election, oil price has seen little movement, while the equity market has seen remarkable change.

While cryptocurrency value has increased off the back of Trump's election, what's to come for the oil market once he's in office remains unclear. From his proposed tariffs to the US' "drill baby drill" production motto, the future of the US - and global - economy remains up in the air. Meanwhile, OPEC+ supply cuts, China's weak macroeconomic data =, and fluctuating geopolitical tensions are playing their roles in relatively stable Brent price.