Why Oil Prices Could Be Headed Lower

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U.S. President Donald Trump has kicked off his second term with a bang, launching a systemic and aggressive makeover of the American government. Trump’s new administrative strategy closely mirrors what Steve Bannon, former chief White House strategist at the start of the first Trump administration, described as ‘flooding the zone’. Standard Chartered has pointed out that oil markets are showing signs of disorientation in the face of the sheer volume of new policy positions by the Trump administration. According to StanChart, many…