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Anas Alhajji: Oil declines as U.S. President Donald Trump cancels Iran strike plans

Anas Alhajji: Oil declines as U.S. President Donald Trump cancels Iran strike plans
Oil falls as Trump cancels Iran strike

Anas Alhajji, managing partner and energy economist at Energy Outlook Advisors LLC, reports that oil prices extended losses by over $1 on Friday. The decline followed U.S. President Donald Trump's cancellation of planned military strikes on Iran, which eased concerns about escalating tensions in the region.

Earlier this week, Alhajji highlighted a sharp U.S. crude inventory draw that lifted oil prices. He also reported that Russian LNG exports climbed to record highs as Venezuela’s crude shipments surged. These developments added to ongoing swings in global energy markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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