Oil Prices Drop as Supply Concerns Continue

Oil prices are once again under pressure as supply concerns continue unabated, with a scarcity of bullish catalysts to counteract them.- 142 executive orders and 100 days into the second presidential mandate of Donald Trump, commodity markets are reeling from disruptive policies launched by the U.S. President.- The US dollar has shed a lot of strength as its standing vis-à-vis other currencies such as the euro deteriorated (the EU currency gained 10% since late January, with the EUR/USD rate now standing at 1.14).- Whilst exchange-traded…