This was revealed in the report of Angel One Wealth, Trump's return will change the global energy scenario.

New Delhi: Angel One Wealth, a company knowledgeable in financial matters, has recently presented a report. On the basis of which it has been revealed that Trump's victory in the US presidential election can change the global energy scenario in response to anticipated policies. Donald Trump, known for his stance on domestic energy independence, has consistently advocated boosting US oil and natural gas production, which is likely to put pressure on global crude prices.

According to Angel One Wealth report, crude oil prices may soon see an improvement, as Trump is expected to keep prices under control by increasing domestic production. His emphasis on energy self-sufficiency is expected to reduce US dependence on foreign oil sources, which will impact global energy and pricing dynamics.

oil prices stable

The report said Donald Trump is likely to keep crude oil prices under tight control as Trump has consistently advocated increasing domestic energy production. The report also notes that Trump's preference for a non-interventionist approach in foreign conflicts could stabilize oil prices by de-escalating conflicts more quickly.

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New sanctions on Iran

However, it could potentially destabilize if Trump imposes new sanctions on Iran, a measure that could disrupt oil supplies from the region. Overall, the report suggests that Trump's influence on the energy sector could lead to lower crude oil prices, although other external factors will also play an important role.

National debt may increase

However, at the time of writing this story, Brent crude prices rose by 0.65 per cent to Rs 75.41 per barrel. Apart from energy, Trump's policies are expected to be expansionary, meaning higher government spending which could increase the US fiscal deficit and, as a result, its national debt.

expected to have a positive impact

The increase in US debt is expected to have a positive impact on gold prices, as rising debt levels and potential inflationary pressures drive investors towards safe-haven assets. There is already high demand for gold in China, which is further supporting its value.