
The post may positively impact oil due to potential improved trade relations between the US and Japan
Optimistic and confident, as indicated by the phrase 'Big Progress'
Historically, Trump's statements on trade have been closely watched by the oil market, as they can impact global demand and supply chains. A meeting with the Japanese Delegation on trade, resulting in 'Big Progress', may suggest a more cooperative relationship between the two nations, potentially leading to increased economic activity and higher oil demand. Japan is a significant importer of oil, and improved trade relations could lead to increased imports, thus supporting oil prices. Additionally, a more stable trade environment may reduce market volatility, making it more favorable for investors to engage with the oil market. However, the impact of this meeting on oil prices will also depend on the specifics of the agreements reached and how they are implemented. Overall, the post suggests a positive tone, which could contribute to a bullish sentiment in the oil market.