💨 Abstract

Oil prices dipped on Wednesday due to a strong dollar and potential impact of Donald Trump's foreign policies on global oil supply. Brent and WTI crude oil prices dropped slightly. Trump's election sparked a sell-off due to a strong dollar, but geopolitical factors such as war in the Middle East, potential renewal of sanctions on Iran and Venezuela, and instability in the Middle East due to Trump's support for Israel, could boost prices.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖