Historic oil deal for USA

Investment Analysis Clubs Macro Economic Trends and Risks
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The US has struck a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves, Donald Trump announced.

The US president wrote that the agreement would more than double American oil reserves and “substantially lower Gas Prices for all Americans”.

Now what about the rest of us now that he has disrupted the world’s oil supply?

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I suspect the Gulf refiners will be glad to sell to y’all which should lead to lower prices in Europe. Natural gas prices will probably remain elevated.

DB2

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