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-0.000761131548902731 0.000126855258150515 0.000983128250665997 0.00120512495242926 0.00228339464670819 0.00126855258150461 -0.00139540783965495 0.000729417734365147
Stock impact report

More Iran sanctions and 'drill baby, drill': Oil market's future is still uncertain under Trump [MSNBC.com]

Chevron Corporation (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Company Research Source: MSNBC.com
Offshore workers examine hydrocarbon samples aboard the Chevron Corp. Jack/St. Malo deepwater oil platform in the Gulf of Mexico off the coast of Louisiana, U.S., on Friday, May 18, 2018.Luke Sharrett | Bloomberg | Getty ImagesBut it's not that straightforward: Trump who was announced Wednesday as the winner of the 2024 election, has also vowed to put more sanctions on Iranian and Venezuelan barrels, meaning the global market could become tighter, potentially boosting prices.At the same time, the increased likelihood of trade wars under Trump could dampen global economic growth and slow oil demand. So the picture for the market's longer-term outlook is, well, decidedly mixed."Conceptually, the impact of a potential second Trump term on oil prices is ambiguous, with some short-term downside risk to Iran oil supply ... and thus upside price risk," Goldman Sachs commodities analysts wrote in a research note Monday. "But medium-term downside risk to oil demand and thus oil prices from dow Show less Read more
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