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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (30505)6/6/2017 1:27:24 PM
From: Goose94Read Replies (1) of 203577
 
Crude Oil: President Donald Trump's decision that the U.S. ceases being a signatory of the 2015 Paris Climate Agreement. Trump argued that the Paris Agreement would negatively impact the U.S. economy over the long-term and limit the ability of American companies to remain competitive in world markets. The President offered to renegotiate terms of the initial agreement, but was quickly turned down by other signatories. Now the markets are reacting to fears that the U.S.' withdrawal could trigger even more drilling. The U.S. oil industry exported 1.3 million barrels of crude per day to the world market last week, and at this rate could soon nullify the 1.8 million barrels per day reduction that OPEC and Russia agreed to make to daily production.
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