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Oil Markets Brace for Trump Statement as Key Policies Hang in the Balance

OilPrice · Charles Kennedy · last updated
Global crude benchmarks edged sideways in early-morning trading on Monday as the oil market awaited an official statement from President Donald Trump, expected to address U.S. energy policy, including possible changes to sanctions enforcement and Strategic Petroleum Reserve (SPR) management.  The announcement, due later today, could alter the trajectory of sanctioned oil flows and trigger volatility across supply-sensitive benchmarks. Oil prices were cautiously ticking upwards in Asian trading, with Brent crude up a slight 0.21% to trade at…