Trump’s latest tweet, arguing that “trade wars are good, and easy to win,” didn’t bode with for global equities or commodities, including oil, which was already reeling from the EIA’s latest report. Oil prices fell sharply at the close of the week, as the EIA reported a larger-than-expected build in crude oil inventories, while gasoline stocks also rose. Meanwhile, the surprise announcement that the Trump administration was planning harsh tariffs on imported steel led to a broad selloff in financial markets, particularly those in the industrial sector – with negative implications for commodities. An early morning tweet from President Trump, arguing that “trade wars are good, and easy to win,” doesn’t bode well for global equities and commodities. U.S. considers crippling sanctions on Venezuela . Venezuela is […]