Reports suggest that the Keystone XL oil pipeline could be approved as early as Monday.
Editor’s Remarks: The currently sliding oil price could get a boost despite US firms continuing to increase how much they are pumping. Trump looks set to give the Keystone XL oil pipeline its permit, which is another successful overturn by Trump of one of Obama’s key decisions. This will also meet the deadline of 60 days set by Trump previously this year. This is not the final decision, however, as approval must be given by local government and property owners.
What to watch: TransCanada, Brent Crude, WTI, Donald Trump, Rex Tillerson