Trump urges OPEC to hike oil output to rein in prices

28/03/2019 Argaam

 

US President Donald Trump on Thursday called on OPEC to increase production to rein in rising crude prices.

"Very important that OPEC increase the flow of Oil. World Markets are fragile, price of Oil getting too high. Thank you!" Trump said in a tweet.

 

Last month, Trump had tweeted, asking OPEC to control rsing oil prices.


Read: 10 times Trump's tweets targeted OPEC

 

Oil prices have risen more than 25 percent this year due to output cut by OPEC+, easing concerns over the economic impact of the US-China trade war and Washington’s imposition of sanctions on Venezuelan oil shipments.

 

International benchmark Brent crude futures were last trading down at $1.03 (- 1.5 percent), at $66.80 per barrel, while the US West Texas Intermediate (WTI) crude futures dipped 87 cents (-1.5 percent), at $58.54 a barrel.

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