CRUDE OIL UPDATE

Oil prices continue to slide after slumping 3% in the previous session as U.S. President Donald Trump tweeted that oil prices were too high and the Organization of the Petroleum Exporting Countries (OPEC) should work on bringing them lower.”Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike – fragile!” said Trump.Fear of short supply from U.S. sanctions on Iranian oil exports and production cuts by OPEC and Russia droveĀ  to nearly $77 a barrel and Brent above $86 last year.In the past, Trump has said oil should not sell for more than $40 a barrel and should ideally trade at $25.

C/W@9719099444

WWW.SHREEMCX.COM

Leave a Reply

Your email address will not be published. Required fields are marked *