Monday, 1 April 2019

RPT-COLUMN-Trump and #SaudiArabia at odds over oil prices: Kemp | Reuters

RPT-COLUMN-Trump and Saudi Arabia at odds over oil prices: Kemp | Reuters:

U.S. President Donald Trump and the Saudi government have closely aligned views on most issues but they disagree significantly on the desirable level for oil prices, which could become a source of volatility in 2019/2020.

In keeping with his iconoclastic approach to governing, Trump has kept up a public commentary on oil prices and the role of Saudi-led OPEC in messages on Twitter as well as television interviews.

So far in 2018/19, the president’s interventions have revealed his preference for a benchmark oil price below $70 per barrel (using front-month Brent futures as a benchmark)

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