President Donald Trump appears to prefer US oil prices between $40 and $50 a barrel, according to Goldman Sachs Group Inc., citing an in-house analysis of his social-media posts on the topic.

Goldman Sachs analysts said U.S. President Donald Trump prefers oil prices to hover between $40 and $50 a barrel, based on a review of hundreds of his social media posts. In a report authored by Daan Struyven and others,

President Donald Trump’s campaign promise of U.S. “energy dominance” is running into a flood of OPEC crude oil — a surge of fuel production pushed by the Saudi leaders greeting him during his Mideast trip this week.

On the New York fuel exchange, oil prices are falling following a series of increases. These rates are influenced by decisions made by U.S. President Donald Trump. According to the investment bank Goldman Sachs,

Terrel Hardin was at a diner along Route 66 in western Oklahoma when his phone rang with bad news: The engine on one of his oil rigs had broken. In times past it would be a straightforward $6,000 fix,

The analysts concluded that Trump appears to prefer West Texas Intermediate oil in the $40 to $50 a barrel range — well under today's $63 a barrel.

Since he returned to the Oval Office, the benchmark West Texas Intermediate oil price has fallen from $80 a barrel to $60 (see chart 1). Some also speculate that Mr Trump’s noisy demands for a lower price contributed to a recent decision by the OPEC cartel to boost production,

Markets should prepare for a sharp downturn in the oil price, analysts with a satellite oil-tracking firm write in a guest commentary.

The two 747-200s that serve as the American president’s command center in the sky are more than 30 years are old and were meant to be phased out of service years ago.