Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Investing.com -- U.S. President Donald Trump called for oil prices to be kept down on Monday amid concerns that recent attacks on Iran’s nuclear facilities could lead to price increases.
"Everyone, keep oil prices down, I’m watching! You’re playing into the hands of the enemy, don’t do it," Trump wrote in all capital letters on his Truth Social platform.
In a follow-up post directed at the U.S. Department of Energy, Trump urged, "drill, baby, drill" and added, "I mean now."
U.S. Energy Secretary Chris Wright responded with "We’re on it!" in a post on X.
What specific actions the energy department might take to increase oil and gas drilling remains unclear.
Brent oil prices fluctuated on Monday, reaching a five-month high before dropping more than 1% to $76.10 a barrel. Oil and gas shipments on tankers from the Middle East continued despite U.S. air strikes against Iran over the weekend. Crude traded at $73, down 1%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.