A rising oil price could halt or even reverse the recent trend of falling inflation, potentially leaving central banks cautious about cutting interest rates, DZ Bank said.
Trump is a friend of Big Oil, but energy firms had some of their worst years ever during the Trump presidency.
Donald Trump told oil industry executives he would dismantle Joe Biden’s pro-electric vehicle agenda as he asked for $1bn (£800m) to help return him to the White House, it has been claimed.
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The Wall Street Journal reports the Biden administration is considering quadrupling the import tariff on Chinese-made automobiles.
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CEO Elon Musk says the electric-vehicle company will be spending “well over” $500 million to expand its Supercharger network.
The company delivered solid results, despite lower oil and gas prices.
The Agriculture - Operations industry participants are witnessing higher costs due to fluctuating commodity prices, rising input costs and trade uncertainties. Innovations and improved consumer demand are likely to aid companies like CTVA, ADM, ALCO and AGRO.