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FX.co ★ Oil prices jump amid news about Donald Trump’s health condition

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Forex Humor:::2020-10-14T08:45:56

Oil prices jump amid news about Donald Trump’s health condition

Positive news about the US President’s health had an immediate impact on global markets. The strongest reaction was shown by the oil market as quotes soared just after the leader’s doctors officially said that his condition was improving.

Amid such news, Brent crude advanced above $40 a barrel for the first time in several weeks. Moreover, later, the price broke the level of $43 a barrel. At the same time, the WTI crude oil benchmark jumped to $41 a barrel from $38 a barrel. The quotes turned out to be susceptible to the health condition of the US President. Thus, after the news that the head of the White House was released from hospital, oil prices jumped towards new highs.

Before leaving the hospital, the president told Americans in a tweet not to fear the disease and said he would be back on the campaign trail "soon". “I feel better than I did 20 years ago!” he also tweeted. In general, the US President is in a good mood and is preparing for the upcoming elections.

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