Trump declares oil prices too high, blames OPEC for cutting supply
President Donald Trump said Wednesday oil prices are too high and blamed a coalition of countries that control a significant portion of the world’s supply of crude petroleum.
Trump tweeted Wednesday: “Oil prices are too high, OPEC is at it again. Not good!” OPEC is the Organization of Petroleum Exporting Countries, a group of 14 oil-producing nations that had agreed to tighten supply to shore up crude prices. OPEC is expected to meet again later this month.