💨 Abstract

Oil prices fell on Wednesday due to a strong U.S. dollar and potential impact of Donald Trump's foreign policy on global supply. The U.S. dollar rallied after Trump's election, making oil more expensive for holders of other currencies. Trump's plans could squeeze global oil supply due to renewed sanctions on Iran and Venezuela, but ongoing conflicts in the Middle East could offset this.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖