WTIU - Saudi Arabia Won't Fill The Void This Time Around
Welcome to the once bitten, twice shy edition of Oil Markets Daily!
Oil prices are responding to President Trump's tweet Monday:
Although the physical oil market loosened a bit over the last week, the bulk of Monday's sell-off came following the tweet. What's interesting about the timing is that it comes on the heels of negotiations of the trade deal with China. The tweet singled out the global economy being "fragile" which may be an acknowledgment from the Trump administration that global economic growth is slowing down. More importantly, the tone of the tweet is