Anas Alhajji: Trump announcement on July 13, 2026 drove Brent and WTI crude oil prices up nearly 10%

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Parshwa Turakhiya

2 hours ago

Anas Alhajji: Trump announcement on July 13, 2026 drove Brent and WTI crude oil prices up nearly 10% — Trump announcement triggers oil price surge

Anas Alhajji, managing partner, energy economist and market analyst at Energy Outlook Advisors LLC, highlights that a major announcement by U.S. President Donald Trump on July 13, 2026 caused oil prices to spike almost 10%, impacting both Brent and WTI crude levels.

Alhajji also raises questions about how much OPEC expanded production in June and references a revision to the 2026 oil demand forecast by Argus.

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Earlier, Alhajji observed that Cushing crude inventories were climbing while WTI prices stayed low, prompting concerns among market watchers. He has also examined the implications of TSMC increasing its U.S. investment from $40 billion to $65 billion as companies respond to geopolitical pressures. These developments provide context for his latest comments on oil price reactions and production figures.

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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