Goldman Sachs: Trump's ideal oil price is $40-50

Goldman Sachs' research indicates that Trump seems to prefer oil prices between $40 and $50 per barrel.

The team of Goldman Sachs analyst Daan Struyven recently conducted an internal analysis of Trump's posts on social media and reached this conclusion. The analysis shows that Trump has been focused on oil and the dominance of U.S. energy, having published nearly 900 related posts:

"Trump's inferred preference for WTI crude oil seems to be around $40 to $50 per barrel, at which price his tendency to post about oil prices drops to a minimum."

$40-$50: Trump's "Comfort Zone" for Oil Prices

Trump's frequent interactions indicate the importance he places on oil prices. His topics of interest are wide-ranging, including OPEC's production levels, U.S. gasoline prices, and sanctions imposed on countries including Iran. The Trump administration has consistently favored increasing domestic oil production and strongly promoted cheap energy to help reduce inflation.

Goldman Sachs analysts noted:

"When WTI prices are above $50, he tends to call for price reductions (or celebrate price declines). Conversely, when prices are very low (WTI below $30), President Trump has called for price increases, usually to support U.S. oil production."

Since the beginning of this year, WTI has fallen by about 12%, currently trading at $62.91 per barrel.

The reasons for the decline include the impact of Trump's trade tariffs and OPEC+'s decision to ease supply restrictions faster than expected.

However, after May 12, oil prices have rebounded, having previously hit a four-year low earlier in the month