Kevin Matte :
When Trump was president, he had a positive relationship with Saudi Arabia, the 2nd largest oil producer in the world. Now that Biden is in power, Iran and Saudi Arabia seem to be laughing in his face. IMO It's not really in their interest to piss off Biden. I think they would regret it if Trump gets re-elected.
1 - Oil's volatility has plummeted to the lowest since 2020 as market participants are on holiday and liquidity has dropped. 2 - Beware that volatility could pick up if Hurricane Idalia hits and impacts US oil supply. 3 - Technical trading could pick up if oil volatility drops below 20%, which is when traders suggest they will stop shorting volatility. That could signal bigger swings in prices and more activity in options' (Source: Bl...
Kevin Matte : When Trump was president, he had a positive relationship with Saudi Arabia, the 2nd largest oil producer in the world. Now that Biden is in power, Iran and Saudi Arabia seem to be laughing in his face. IMO It's not really in their interest to piss off Biden. I think they would regret it if Trump gets re-elected.