Goldman Sachs reveals Trump's "ideal oil price": $40-50 range is most in line with his wishes.

date
14/05/2025
avatar
GMT Eight
Goldman Sachs released a research report stating that through internal analysis of President Trump's social media tweets on oil-related topics, it appears that he seems to prefer oil prices between $40 and $50 per barrel.
Goldman Sachs released a research report stating that through internal analysis of US President Trump's social media tweets related to oil topics, it was found that he seems to prefer oil prices to be between $40 and $50 per barrel. Analysts including Daan Struyven mentioned in a report that Trump "has always been focused on oil and America's energy dominance, posting nearly 900 related tweets." They also stated, "It can be inferred that Trump's preferred price for WTI seems to be around $40 to $50 per barrel, within this price range, his tendency to tweet about oil prices is lowest." As an important factor influencing the global crude oil market, Trump's tweets often lead to drastic fluctuations in Brent and WTI crude oil prices. His tweets cover various aspects such as OPEC production, US gasoline prices, and sanctions on countries like Iran. The current US government has been committed to promoting domestic production and maintaining low energy prices to suppress inflationary pressure. Analysis shows that when WTI surpasses the $50 mark, "Trump often speaks out urging for price reductions (or welcomes price declines). On the other hand, when oil prices are very low (WTI below $30), he will support price increases to protect the US shale oil industry." Currently, WTI oil prices are hovering around $63 per barrel, with a year-to-date decline of about 12%, mainly influenced by trade tariff policies and unexpectedly relaxed production limits from OPEC+. However, with the US and China reaching a 90-day truce agreement on tariffs, oil prices have rebounded from this month's four-year low.