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Oil Prices Surge Amid Trump Policy Speculation and Hurricane Threats

Economic Boost from Pro-Business Policies: Historically, Trump’s policies lean heavily pro-business, likely supporting broader economic growth. This growth can lead to increased demand for fuel, as industries and transportation sectors expand.

Monetary Policy Concerns: However, Trump’s potential influence over Federal Reserve decisions, especially if it includes pushing against easing measures, could spell new challenges. A less accommodative Fed might strengthen the U.S. dollar, raising oil import costs for other currencies, which could limit oil demand.

Stronger Dollar Impact: A stronger U.S. dollar can usually pressure oil prices, as it makes oil more expensive for international buyers. The interplay between this and potential Fed policies adds a layer of complexity, as global markets try to assess the longer-term impacts.