[Re-uploaded to match subreddit rules – second time's the charm]
Trump started his address at 12.01pm. Oil prices rose in real time as he spoke.
Data downloaded from Trading Economics, Brent Crude Barrel (USD/Bbl) using tools from their website. Overlay is mine. Link to data
by Siskel-and-Ebert
24 Comments
A good president would have saved a speech like this for Friday night
Wow it perfectly correlates with my blood pressure too
My 5.6L Hemi Dodge Durango is currently about to hit empty. I’m not pleased.
https://preview.redd.it/mzoh9985epsg1.jpeg?width=229&format=pjpg&auto=webp&s=30cd8e188dac6f346389b3fa536f2f420da05d7c
Its the graph version of the classic meme.
I listened to the whole speech and honestly he didn’t really say anything new in there other than that the NASA astronauts are heading to the moon. Investors were expecting him to provide clarity on the situation and non was provided and that’s probably why the price went up. I would imagine VIX climbing as well during his speech.
Real question is why it went down to begin with. If you go back another day you can see it just regained what was lost.
**The graph heard the speech and chose cardio.**
Oil traders are so fucking stupid
insane how easy it is to make money rn
Breathtaking stupidity of the world we’ve come to create aside, nice job.
This is like the speech Fry gave while trying to sell his Planet Express shares in that one episode
He was talking about past wars lasting way longer. Markets don’t like that comparison at all.
It looks like it’s less about the speech and more about a positioning adjustment : when the market is leaning one way then it doesn’t take much to trigger a sharp move and oil just reacts fast because everything is about expectations and flows.
It will fall tomorrow. Reactionary idiots cause spikes like this
It’s so rare that a President *actually* has a direct impact on the price of oil. This is because, you know, it would be insane that there was a) a metaphorical lever in the Oval Office that says “Oil prices” and b) that the president would slam it into overdrive… But he is just that bad at his job.
Yep. Watch that seesaw. While everyone was waiting for some important info regarding less death to innocent bystanders, he is still just playing the market. He and his trading buddies probably made quite a few more millions tonight. Who cares about the injured or the dead bodies piling up? Not the inside the death star trader.
I wonder how may futures contracts he bought before the speech.
Only a 10% increase? I expected more…seems we’re all being wildly optimistic.
Shit, I knew I should have bought gas today.
This data is not beautiful
What was said at 8ish minutes to cause that brief drop?
Ah… fucking hell… here we go again…
I guess he waited for price of oil to drop a bit, he bought millions of shares and then made the price go up on purpose with idiotic threats and will sell shares at nice profit asap
President of peace and making America great again, he everyone 🤦🏻♂️
Dont forget to thank Elon Musk for this…