Former President Donald Trump is scheduled to formally accept his Republican party nomination and speak at the Republican National Convention (RNC) tonight. The energy sector (XLE) will be hanging on Trump’s words if he references plans to up oil (CL=F, BZ=F) drilling practices or pullback on a green energy push that has been a policy staple under the Biden administration.
Senior markets reporter Ines Ferré breaks down Stifel data that compares how clean energy and traditional energy stocks performed under Trump’s and President Biden’s first terms.
#youtube #oil #Trump
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