Oil slumps 3 percent after Trump again criticizes OPEC | Reuters:
Oil futures tumbled 3 percent on Monday after U.S. President Donald Trump called for OPEC to “relax and take it easy” on boosting crude prices, which he said were climbing too high.
Brent crude oil futures were down $2.03 at $65.09 a barrel by 11:20 a.m. EST (1620 GMT). West Texas Intermediate (WTI) crude futures fell $1.73 to $55.53 a barrel.
“Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile!” Trump tweeted, his latest in a series of tweets or comments made regarding oil prices since April 2018.
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