{"id":45663,"date":"2019-04-26T10:59:36","date_gmt":"2019-04-26T15:59:36","guid":{"rendered":"https:\/\/olduvai.ca\/?p=45663"},"modified":"2019-04-26T11:00:06","modified_gmt":"2019-04-26T16:00:06","slug":"oil-tumbles-after-trump-says-he-called-opec-gas-prices-are-coming-down","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=45663","title":{"rendered":"Oil Tumbles After Trump Says &#8220;He Called OPEC, Gas Prices Are Coming Down&#8221;"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/news\/2019-04-26\/oil-tumbles-after-trump-says-he-called-opec-gas-prices-are-coming-down\">Oil Tumbles After Trump Says &#8220;He Called OPEC, Gas Prices Are Coming Down&#8221;<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">WTI crude futures have tumbled back to a $63 handle, breaking a key technical support, following President Trump comments that he has&nbsp;<strong>called OPEC and &#8220;gasoline prices are coming down.&#8221;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/gas-prices-e1524489330570_0.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The last 107 days have seen an almost unprecedented surge in gas prices in America&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm7679.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">And Trump&#8217;s comments seems to have taken some shine off the mega crude bull&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2019-04-26_7-17-08.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2019-04-26_7-17-08.jpg?itok=VDhzCMmc\"><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This has taken oil prices back below the key retracement level&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2019-04-26_7-18-06.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, ABN Amro Senior Energy Economist&nbsp;Hans van Cleef&nbsp;writes in a report today that&nbsp;<strong>crude oil looks \u201ctoppish around current levels\u201d as there is enough supply growth from other nations to offset any drop in Iranian crude output<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil Tumbles After Trump Says &#8220;He Called OPEC, Gas Prices Are Coming Down&#8221; WTI crude futures have tumbled back to a $63 handle, breaking a key technical support, following President Trump comments that he has&nbsp;called OPEC and &#8220;gasoline prices are coming down.&#8221; The last 107 days have seen an almost unprecedented surge in gas prices [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5],"tags":[588],"class_list":["post-45663","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45663"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45663\/revisions"}],"predecessor-version":[{"id":45664,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45663\/revisions\/45664"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}