US President Donald Trump on Wednesday accused the Organization of Petroleum Exporting Countries of driving up oil prices, in a fresh swipe at the cartel’s agreement to cap production.
“Oil prices are too high, OPEC is at it again. Not good!” he wrote on Twitter.
Oil prices peaked in late May, hitting the $80 per barrel ceiling on the Brent futures contract and $72.24 on the West Texas Intermediate.
Traders are holding their breath for the June 22 meeting of oil ministers from OPEC member states in Vienna.
In April Saudi Energy Minister Khaled al-Faleh said the global market has the capacity to absorb higher oil prices — a remark that drew a swift reaction Trump.
“With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!” Trump tweeted on April 20.
OPEC producers and non-OPEC countries struck a deal in 2016 to trim production by 1.8 million barrels per day to reduce a global glut of oil.
The deal, which is due to run out at the end of 2018, has succeeded in boosting oil prices above $70 a barrel from below $30 a barrel in early 2016.
Ron DeSantis threw temper tantrum after Trump hired strategist he ‘exiled’ from Florida GOP: report
On Friday, Politico reported that President Donald Trump has brought back longtime Florida Republican strategist Susie Wiles to try to save his electoral chances in the critical swing state — and that Gov. Ron DeSantis, who worked to cast her out of power in the Florida GOP, is enraged by the move.
"Trump’s decision to reinstate Susie Wiles to his campaign’s good inner circle follows months of behind-the-scenes efforts to bring her back after she was exiled at the demand of Florida Gov. Ron DeSantis, who had her cast out of the president’s good graces in September," reported Gary Fineout and Marc Caputo, and it "comes as polls show Trump trailing Democrat Joe Biden in Trump's adopted home state. Trump won Florida four years ago by less than 113,000 votes and a loss in the battleground would likely doom his reelection effort."
Mike Pence calls his wife ‘mother’ — and just referred to Trump as ‘my father’
Mike Pence raised eyebrows on Friday when he sent a campaign message referring to President Donald Trump as "my father."
"We need you right now," Pence wrote in a campaign ad. "It's going to take EVERY Patriot stepping up if we want to CRUSH Sleepy Joe's dreams of turning America into a BIG GOVERNMENT SOCIALIST Nation."
"I convinced my father to give you another chance, which is why he's decided to EXTEND your PERSONAL 500%-MATCH OFFER FOR 1 MORE HOUR," Pence wrote.
NBC News reporter Brandy Zadrozny posted a screengrab of the advertisement.
Zadrozny also offered a theory that language could've have resulted from a copy and paste error with language from an ad that was meant to come from one of Trump's children.
‘Complacent’ Trump slammed by a Marine veteran for ‘squandering’ the honor of slain troops
Timothy Kudo, a veteran of the U.S. Marine Corps, criticized President Donald Trump in a Friday column at The Atlantic, describing him as a “complacent commander in chief.”
Kudo slammed Trump for reportedly not reading or ignoring intelligence that had indicated Russia offered Taliban militants bounties to kill American soldiers in Afghanistan.