Trump says oil prices will come tumbling down after the midterm elections. He said that getting oil down will ‘take a little longer’ but wil come ‘shortly, right after the election, He said gasoline will fall below $2. It hit a Labor Day record above $4 on the weekend.
Republicans in close races won’t want to hear that and I would take it as a bullish sign for oil as it looks like he’s not planning on a TACO before November.
This article was written by Adam Button at investinglive.com.