Trump’s peaceful mood doesn’t fully explain why energy prices are plunging
Résumé détaillé
The simple political explanation for such a dramatic decline in oil prices fails to account for the astonishing changes happening under the oil market’s hood.
This was supposed to be the week that America dramatically escalated its war with Iran. President Donald Trump repeatedly hinted that US and Israeli attacks on Iran would resume once the midterm elections were over. In anticipation of a military escalation, oil prices spent every single day of October above $100 a barrel, gradually rising to a four-year high of $114 on the last trading day of the month. Then, a sudden shift: Trump just before the midterms argued that renewed attacks were no longer necessary. And, last Tuesday, Americans voted overwhelmingly for Democrats in a sweeping rebuke of Trump’s Iran policy – a signal that Congress may put up some resistance to the war.
Début de l'article, extrait de CNN Business. Pour lire la suite, ouvrez l'article chez le média.
MarketNews présente le titre et le résumé publiés par le média. L'article complet se lit sur le site de l'éditeur. (www.cnn.com)
