WTI and Brent Dropped After Trump’s Tweet Asking For Lower Oil Prices

Thursday, 05/07/2018 | 08:08 GMT

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WTI and Brent dropped almost -0.6%, at $73.80 and $77.60 respectively in early European trading session after Trump’s tweet asking from OPEC to cut prices for crude oil.

Trump blamed OPEC for higher prices once again by tweeting: "The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $'s. This must be a two way street. REDUCE PRICING NOW!"

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Source: https://www.exclusivecapital.com/wti-and-brent-dropped-after-trumps-tweet-asking-for-lower-oil-prices/

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