FORBES | The oil market has been here before, seen it all and still hasn't learnt. Or perhaps to quote a ‘Yogi-ism’, i.e. a hallmark quote from the late legendary New York Yankees baseball player Yogi Berra, "It’s déjà vu all over again." For just before the U.S. trading session began meaningfully on Wednesday (April 22), President Donald Trump, somewhat out of the blue took to his Twitter account and quipped: "I have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea." Not sure where that came from or why but the beleaguered crude oil market did not care.
To read the full article, click here.