Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Trump Tweets for Funds for Energy Companies

Published 04/21/2020, 10:14 AM
Updated 04/21/2020, 10:17 AM
© Reuters.

By Kim Khan

Investing.com - President Donald Trump tweeted Tuesday that he has instructed members of his cabinet to come up with a plan to get money to U.S. oil and gas companies.

“We will never let the great U.S. Oil & Gas Industry down,” Trump tweeted “I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!”

The U.S. crude front-month futures contract fell into negative territory for the first time in history yesterday as holders faced limited demand and increasing costs for storage.

WTI for May managed to get back into the green today, at $1.38 per barrel.

But the June WTI contract faced heavy selling pressure, down 28% to $14.75.

Latest comments

Is Trump scheduled for comics this evening?
it's not that hard, just have the Fed buy the companies. stop beating around the bush lol
if we start opening up, carefully, the oil will go back up. if we keep sitting at home, much worse to come!
Trump got the FED printer!
right-wing commies the very worst kind of socialists stealing trillions and we see none of it
what happens of US dollars lose its credibility as world reserve currency ? Nothing impossible
not happening at least for now I think
World order and physical war.
Most stocks in Dow 30 drop, just Chevron and Mobil keep the prices. What a manipulation!! They should be the one drop most. Trump, just like Robin Hood.
You can take the Trump out of the Democratic Party, but you cant take the Socialist out of Trump.
The government will go bankrupt
US has been insolvent for more than 20 year's
its almost as if the USA is being governed purely for the corporations instead of the people and the land.
That's CRAZY talk!!
When oil prices go negative, it's a market signal that there is too much oil for sale. Companies that cannot operate profitably should go out of business. But free markets and capital have been dying for so long this shouldn't be surprising....
Mexico make a lot of money with negative prices!
If I were him it will be money making? let it down or melt it down buy back then instruct them to follow. Then, i m prepared to win the next term.
another bailout????
liberate USA!
/Insert Oprah Winfrey meme: "You get a Billion dollars! And, You get a billion dollars! Everyone gets a Billion dollars!"
What will happen with the American capitalist economy of these kind of "catastrophic" events keep going. Could be this the beginning of the end. Other than money start thinking on something more lasting otherwise, as I wrote many times earlier, decadence is at the corner. Nobody can sustain such a gigantic Economy virtually issuing money. Time to change. Chiao Trump.
As US is only country can turn paper into US dollar, one ton of paper can print how much billion US $
More taxpayer $$$ stolen to prop up a dying industry. This guy will do anything for Putin.
The orange orangutan manipulating markets again. Corporate socialism at its best.
social Democrats maybe . but scared people hold authority and dictators more we ll see.
Bail out the citizens first, not corporations, especially those that are not profitable in a dying industry.
Always saying Fund for this and for that.....what else he funded??
Trump seem to have money everywhere.. Funds for every problems
money printer Trump . alot buyers international for dolars so he doesn't care how much print . when this balloon will burst again ?
 it is not his money!!! he doesnt care!! the taxpayers will have to bear the cost of his spending spree!!
it's easy to give money away when it's not his.......Trump doesn't give his money away, if you don't believe me go ahead and do a google search on the Trump Foundation and you can see how generous (or not) he really is.....
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.