After the Energies sector hit 4-year highs across the board in March, social media posts changed the headlines that led to selling by algorithms.
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Energy markets dropped through the end of last month, but jumped higher again after the US president addressed the world on television Wednesday night.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. US agriculture, the US president's strongest base, will again receive increased “hardship” payments, announced in late March.
In early March, I asked the question of if we would see stickers of a smiling US president pointing to higher fuel prices with the caption balloon saying “I Did That” show up at fuel stations around the country. The backstory to this was after then US President Biden led the Western World in levying sanctions against Russia for its illegal invasion of neighboring Ukraine in 2022, US fuel prices jumped and these stickers showed up, predominantly across what is known as Red States. This brought great joy to the current US president. However, the Biden Administration then went to work with the rest of the world to make sure global fuel supplies were not disrupted, and US prices quickly came back down.
