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1. www.forbes.com › sites › michaellynchThe 2024 Election And The Impact On The Oil Market - Forbes

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   Jan 9, 2024 · So, overall, most of the oil market impact from the upcoming election will be on the margin. A new President Trump should mean more Russian oil and less Iranian, more or less offsetting.

2. www.forbes.com › sites › arielcohenRising Oil Prices Fuel Inflation And Threaten Biden’s Re-Election

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   Sep 14, 2023 · Inflation and gasoline/oil prices will be key issues during the 2024 presidential election and the Republican party may attack President Biden on the shape of the economy, which could...

3. www.nytimes.com › 2024/04/09 › businessWhy Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com › 2024/04/09 › business

   Apr 9, 2024 · Analysts say the momentum could carry prices higher. The price of a barrel of Brent crude oil, the international benchmark, has risen more than 20 percent since mid-December.

4. news.cqg.com › 2024 › 06Crude Oil & the 2024 U.S. Election | news.cqg.com

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   The chart highlights the pattern of lower highs since NYMEX crude oil futures reached their highest price since 2008 when Russia invaded Ukraine in early 2022. Over the past years, the trading range has narrowed from $33.42 in 2022 to $31.39 in 2023 and $18.39 per barrel so far in 2024.

5. www.spglobal.com › commodityinsights › enA deeper look at oil prices after a US presidential election

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   Nov 7, 2016 · In the days following his election, the benchmark price of oil (Dated Brent, Platts) declined from $19.46/b on November 9 to a low of $16.56/b ― losing nearly 15% ― before climbing again after his inauguration.

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6. oilprice.com › Energy › Crude-OilHow The Oil Industry Fared Under The Last Nine U.S. Presidents

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   Oct 31, 2020 · During the first three years of President Trump’s first term, annual U.S. oil production gained 3.4 million BPD. Net imports of crude oil and finished products turned into net exports in...

7. People also ask

   Is the Brent crude oil price really bullish?

   • The price of a barrel of Brent crude oil, the international benchmark, has risen more than 20 percent since mid-December. It has jumped more than 10 percent over the past month alone, to around $90 per barrel. “The sentiment is really bullish,” said Viktor Katona, an analyst at Kpler, a commodities research firm.

   Why Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com/2024/04/09/business/oil-price-rise.html

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   Why did oil prices remain subdued in 2023?

   • In 2023, strong growth in crude output from the United States, the world’s largest oil producer, and other countries outside the Organization of Petroleum Exporting Countries helped reassure markets that there would be enough oil to slake demand. Prices remained subdued for much of the year despite the threats posed by geopolitical tensions.

   Why Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com/2024/04/09/business/oil-price-rise.html

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   How will the upcoming election affect the oil market?

   • So, overall, most of the oil market impact from the upcoming election will be on the margin. A new President Trump should mean more Russian oil and less Iranian, more or less offsetting. A new Biden term would probably be the reverse, cracking down on Russian oil exports will reaching a deal with Iran that would minimize the impact.

   The 2024 Election And The Impact On The Oil Market - Forbes

   www.forbes.com/sites/michaellynch/2024/01/09/the-2024-election-and-the-impact-on-the-oil-market/

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   How will rising oil prices affect Biden?

   • Rising oil prices could make efforts by central banks to reduce inflation more challenging. In the United States, higher gasoline prices during the summer driving season would also be unwelcome for the Biden administration, which faces a difficult election in November.

   Why Oil Prices Have Been Rising Recently - The New York Times

   www.nytimes.com/2024/04/09/business/oil-price-rise.html

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8. oilprice.com › Energy › Crude-OilBiden Administration's SPR Plans Derailed by Oil Price Surge

   oilprice.com › Energy › Crude-Oil

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   Apr 11, 2024 · The Biden Administration cancels planned Strategic Petroleum Reserve purchases due to rising oil prices, citing market conditions and potential impacts on energy policy.