FOX LIVE CRUDE OIL NEWS UPDATE

 

Crude Oil erases gains after Trump slams Opec for inflating prices

NEW YORK: With oil prices hitting $75 per barrel, it was meant to be one of the smoothest meetings Opec has had in recent years. The night before the meeting, the ministers gathered in Jeddah celebrated with a traditional Saudi sword dance – just as US President Donald Trump had done when he visited Saudi Arabia last May.

Little did they know that Trump was about to spoil their post-meeting party when he tweeted that oil prices had rallied too far.

“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!”
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