Breaking
Trump Says Oil Rose Less Than Expected During Iran War; U.S. Getting Millions of Barrels of Venezuelan Crude
Summary
- Trump said the rise in international oil prices during the Iran war was smaller than expected.
- He said the US is receiving millions of barrels of Venezuelan crude oil and that gasoline prices will fall below $2 a gallon.
- Trump said the US could lead by a wide margin in AI superintelligence and account for 50% of the global semiconductor business.
President Donald Trump said the increase in international oil prices during the war with Iran was smaller than expected. He also said US gasoline prices would eventually fall below $2 a gallon.
Walter Bloomberg, an overseas financial news alert account, cited Trump on November 2 as saying oil "went up less than expected" during the war with Iran.
Trump added that the US is currently receiving millions of barrels of crude oil from Venezuela. He said gasoline prices in the US would fall below $2 a gallon.
Trump also expressed confidence in artificial intelligence and semiconductors. He said the US is far ahead of China in AI superintelligence.
He added that the US could soon account for 50% of the global semiconductor business.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.