Obviously, production is a key element in the decision-making process regarding energy investments. Currently, oil investors face conflicting reports regarding output. For example, Venezuela’s crude output is plunging to multi-year lows while Algeria is looking to boost production.
Related: A Factor that Could Hinder Oil ETF Investing
Not surprisingly, geopolitics could play a role in oil prices in Trump’s early days in the White House.
“Finally, and speaking of the public, any escalation between the Trump administration and Iran which would send oil prices higher, while great for U.S. oil, would be frowned upon by U.S. motorists, who would have to pay more at the pump. The decision who to please will ultimately be Trump’s to make,” notes OilPrice.com.
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United States Oil Fund
