Thursday 13 September 2018

COLUMN-Oil prices are re-entering the Tweet zone: Kemp | Reuters

COLUMN-Oil prices are re-entering the Tweet zone: Kemp | Reuters:

Oil prices have risen back to levels that earlier this year prompted U.S. President Donald Trump to take to Twitter and demand OPEC do more to bring them down.

Front-month Brent futures settled well above $79 per barrel on Wednesday, the highest for over three months, and above levels that have spurred the president to complain in the past.

“The OPEC monopoly must remember that gas prices are up and they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members,” the president wrote in July.

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