Commodities: Trump's Words Offer Relief To Energy Markets

ING Economic and Financial Analysis5.23K FollowersFollow5ShareSavePlay(8min)CommentsSummaryThe market is now aware of President Trump’s pain threshold on oil prices. ICE Brent surged as much as 28% at one stage yesterday, reaching just below $120/bbl.Gold came under renewed pressure as a stronger US dollar, and the move in oil prices reinforced expectations that interest rates may stay higher for longer.Sugar prices extended their rally for the second consecutive session yesterday, with No.11 raw sugar settling almost 3.5% higher on the day.

Getty Images By Warren Patterson, Head of Commodities Strategy and Ewa Manthey, Commodities Strategist Energy: Oil market relief The market is now aware of President Trump’s pain threshold on oil prices. ICE Brent surged as much as 28% at one stageThis article was written byING Economic and Financial Analysis5.23K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.