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Oil Prices Gain as Traders Shrug Off Trump’s Tweet About “Too High” Prices

Oil prices gained on Friday in Asia as traders shrugged off U.S. President Donald Trump’s tweet about “too high” prices.

U.S. Crude Oil WTI Futures rose 0.5% to $59.64 by 1:00 AM ET (05:00 GMT), while international Brent Oil Futures also gained 0.5% to $67.43.

Trump sent out on Thursday his second tweet of the year on oil, calling on the Organization of the Petroleum Exporting Countries (OPEC) to raise production and bring down prices of the commodity.

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