Trump's Oil Price Strategy Faces Two Major Tests This Weekend

Two Trump decisions will set this weekend's energy risk, and in both he is giving up leverage to chase lower pump prices before November 3.

firepower out of Saudi Arabia's war with the Houthis.

The Houthis hit Aramco's Dhahran headquarters on Tuesday night and have kept Riyadh's main airport shut until Saturday, and Washington's rule since September is that it stays out as long as the Houthis hit only Saudi targets.

The second is the license for Russian diesel.

It faces its first test on October 18, the deadline in the… Home Oil Prices Oil Futures Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Geopolitics Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Company News Breaking News Premium Articles My Account Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S.

Blends WTI Crude • 13 hours 101.4 +3.44 +3.51% Brent Crude • 12 hours 109.9 +3.94 +3.72% Murban Crude • 16 mins 113.4 +3.39 +3.08% Natural Gas • 13 hours 3.116 -0.120 -3.71% Heating Oil • 13 hours 4.899 +0.054 +1.10% Gasoline • 13 hours 3.235 +0.055 +1.74% Click Here for 150+ Global Oil Prices Gasoline • 13 hours 3.235 +0.055 +1.74% Heating Oil • 13 hours 4.899 +0.054 +1.10% WTI Midland • 17 hours 102.2 +3.18 +3.21% Opec Basket • 3 days 111.6 -0.70 -0.62% Indian Basket • 3 days 121.1 +0.09 +0.07% Click Here for 150+ Global Oil Prices Two Trump decisions will set this weekend's energy risk, and in both he is giving up leverage to chase lower pump prices before November 3.

firepower out of Saudi Arabia's war with the Houthis.

The Houthis hit Aramco's Dhahran headquarters on Tuesday night and have kept Riyadh's main airport shut until Saturday, and Washington's rule since September is that it stays out as long as the Houthis hit only Saudi targets.

The second is the license for Russian diesel.

It faces its first test on October 18, the deadline in the Russia sanctions law Trump signed a month ago for duties of up to 500% on Russian petroleum products.