Goldman considers WTI crude price range of $40–50 acceptable for US President

According to Goldman Sachs experts, Donald Trump's preferred price range for WTI oil grade is $40–50 per barrel. The analysts came to this conclusion after studying the politician's numerous social-media posts on the matter.

The US President pays a lot of attention to the country's energy sector development. His decisions, in turn, have a significant impact on oil prices both inside and outside the United States. For instance, the tariffs announced by Trump this year led to a sharp drop in crude prices, which was intensified by such an additional factor as the OPEC+’s gradual withdrawal of previous production cuts.

Trump is pursuing the goal of American energy dominance by boosting domestic output. The restrictions on Iranian fuel exports, as well as increased duties on imports to the US, are supposed to increase national production, according to the President's administration. However, the threat of a supply-demand imbalance in the global market is pushing the prices down.

According to the Goldman report, this does not cause much concern for the US President. He believes that cheap fuel will have a positive impact on inflation.