Phongphan/Shutterstock Save for later Print Download Share Oil markets have entered a period of confounding developments and contradictory signals, which to a large extent flow from the animus of the new White House administration dead set on overhauling the US economy and realigning the global order. Sea-change decisions can materialize overnight 鈥� and then snap back the next day. President Donald Trump grandstands about lower energy prices, but then he slaps tariffs on trading partners. Then he tightens the sanction-screws on Venezuelan and Iranian barrels, potentially choking key supplies. The White House clamors for even greater oil output, but steel tariffs would put a major crimp on upstream investments.
