OPEC ‘At It Again,’ Trump Says
In another tweet, Trump complained about the Organization of the Petroleum Exporting Countries, saying the cartel was “at it again.” OPEC has teamed up with Russia and other major oil CLK8-0.04% producers to restrain output, something that has pushed crude back up to late 2014 levels.
“No good and will not be accepted!” Trump complained. But while he’s hardly the first politician to take aim at OPEC, there’s little that can be done about its actions, as MarketWatch reports.
Read: Why Trump is tweeting about OPEC — and what he can do about oil prices.
Looks like OPEC is at it again. 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!
— Donald J. Trump (@realDonaldTrump) April 20, 2018