United States President Donald Trump took to Twitter on Thursday to criticize OPEC about pushing prices higher, sending oil down earlier today.
“We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!” President Trump tweeted in his latest rant against the cartel for keeping prices high.
After relatively calm trading earlier in the day in which oil prices were slightly up, Brent and WTI took a turn downward after Trump’s tweet, and at 10:30 a.m. EDT, WTI Crude was down 0.28 percent at $70.57 and Brent Crude was down 0.67 percent at $78.39.