# Why Do Tweets From Trump Move Oil Prices?

> Oil prices on Friday fell as traders took profits after a steady run higher, even though news on Iran sanctions, Libyan fighting and Russian quality issues had pushed prices up earlier in the week. The article attributes part of the sell-off to long liquidation following Trump's comments on OPEC.

- Date: 2019-04-28 · published 2019-04-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8097-why-do-tweets-from-trump-move-oil-prices
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Profit-taking and long liquidation amplify short-term crude price swings, which can briefly lower energy costs but do not change the underlying supply balance.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2019-04-26 | 1 | -5.2% | -4.0 | Attributes the Friday decline to profit-taking and long liquidation after a run higher and Trump's OPEC comments, amplifying the sell-off through positioning. |

## Sources

- forbes.com: https://www.forbes.com/sites/michaellynch/2019/04/28/why-do-tweets-from-trump-move-oil-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.