Trump Fumes Over High and Rising Oil Prices

Trump Fumes Over High and Rising Oil PricesTrump Fumes Over High and Rising Oil Prices

US President Donald Trump on Friday criticized OPEC for output reductions that have helped raise oil prices and said the action would not be tolerated, as oil prices appeared set for a second consecutive week of gains.

“Looks like OPEC is at it again. With record amounts of oil all over the place, including the fully loaded ships at sea. Oil prices are artificially very high! No good and will not be accepted!” Trump said on Twitter, Reuters reported.

White House officials could not be immediately reached to comment on any action the Trump administration planned to take regarding oil or OPEC.

After the president’s tweet, Brent and West Texas Intermediate crude prices turned negative.

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