Donald Trump knows how to prop up oil market

Amid any market havoc, the US President always takes a fair-minded approach. Donald Trump can easily kill two birds with one stone. In response to the recent downturn in the oil market, the US leader has come up with a sensible solution. From his viewpoint, the oil market greatly depends on the US economy. The first step to level out oil prices is to lift lockdown measures and reopen the largest global economy. As soon as the US economy resumes its normal capacity, oil prices will regain momentum. The scheme is quite simple. The US is also acknowledged to be the top oil consumer. Following this logic, reopening the US economy in a cautious manner will boost demand for oil, thus giving impetus to oil prices. "Our country was not built to be shut down," the US President declared. Importantly, he made sure that American drilling companies received substantial aid from the government. Donald Trump expressed confidence that a slump in oil prices which pushed US crude futures into negative values is likely to be short-lived. The President believes that oil quotes will rebound to $25-30 a barrel next month.