Citi outline bearish and bullish risks for oil under Trump ...Middle East

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Citi outline bearish and bullish risks for oil under Trump
Reuters have the piece from a Citi report on politics / oil.In brief:Trump presidency could be net bearish for oil pricescombination of factors including tariffs and oil-friendly policies, and pushing the Organization of the Petroleum Exporting Countries and allies (OPEC+) to release more oil into the marketThe main bullish risk for oil markets under a Trump presidency would be would be pressure on Iran, though this could have a limited impact. a "maximum pressure" campaign on Iran, the market could see a 500-900 thousand barrel per day impact on Iranian oil exports--- More immediately, Citi enumerate known risks:hurricane season is far from overMideast tensions remain high ... pressure has

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