Historically, Trump's stance on tariffs has been a key factor in shaping the oil market. By mentioning record numbers in tariffs and decreased inflation, Trump may be signaling a favorable environment for oil producers and consumers alike. The decreased cost of gasoline, a byproduct of oil, could lead to increased demand and subsequently higher prices. Furthermore, the mention of lowered inflation could boost market confidence, leading to increased investment in the oil sector. However, the impact of tariffs on international trade and the global economy must be considered, as it may lead to market volatility and affect oil prices. Overall, Trump's statement may have a positive impact on oil prices, driven by increased consumer spending and reduced production costs.