Trump stated oil prices will decline post-midterms and gasoline will fall below $2, despite Labor Day weekend prices above $4.
Oil prices are set to tumble after the midterm elections, according to Trump. He added that bringing them down will 'take a little longer' but will occur 'shortly, right after the election'. He also stated that gasoline would fall below $2, though over the Labor Day weekend it hit a record high above $4.
Candidates in tight races are unlikely to welcome that message, and this could be seen as a bullish signal for oil since Trump does not appear to have a TACO planned before November.
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