Oil Plummets After Trump Warns OPEC Prices Are "Getting Too High"

Zero Hedge | 2/24/2019 | Staff
samtetley (Posted by) Level 3
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After months of radio silence, Trump the oil analyst has returned to complain about prices being too damn high.

For the first time since OPEC+ agreed to cut production at its December meeting, Trump has chimed in on Twitter to tell the cartel to "relax and take it easy" because oil prices are "getting too high."

OPEC - Members - Group - Russia - Production

OPEC and members of an ancillary group led by Russia have been cutting production since the start of the year after striking an agreement during OPEC's December meeting in Vienna to lower output by an aggregate by 1.2 million b/d during the first six months of 2019.

Of those cuts, 800,000 bpd will come from OPEC members, while Russia and its allied...
(Excerpt) Read more at: Zero Hedge
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