Donald Trump calls on Opec to ‘relax,’ says oil prices are too high


Donald Trump calls on Opec to ‘relax,’ says oil prices are too high

US President Donald Trump on Monday expressed concern about oil prices and repeated his previous calls on the Organization of the Petroleum Exporting Countries (Opec) to keep prices steady.

On Monday, oil prices edged up amid political uncertainty and sanctions and involuntary curbs on several producers but could face pressure from continued anxiety over the global economy and record US exports.

“Oil prices getting too high. Opec, please relax and take it easy. World cannot take a price hike – fragile!” Trump, whose administration has sanctioned crude from Iran and Venezuela, tweeted. Read More

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