During Donald Trump’s presidency, the global market, including the oil one, has become accustomed to reacting to any announcements made by the US president. Traders began to price in the information that appears in Donald Trump’s Twitter account. The recent speech of the US president cheered up the oil market and calmed down those who were in a panic. He said that the recent oil drop was a short-term phenomenon that had been mainly caused by financial pressure. Notably, oil prices turned negative for the first time in market history. That is why the situation should be taken under strict control. The world has faced such kind of a problem for the first time. Thus, why it is simply impossible to make use of the previous positive experience. However, the US president managed to think straight and was courageous enough to make promising forecasts. He said that within a month, there would be a rebound to 25-28 US dollars per barrel. "It is more of a financial thing than an oil situation," he added during the emergency briefing in White House. Moreover, the US authorities have benefited from extremely low prices and bought a large amount of cheap oil.
