Trump Accuses 'OPEC Monopoly' of Pushing Oil Prices Higher


Trump  again slammed OPEC — tweeting that prices keep rising even as the US spends billions to safeguard oil-producing Mideast countries.

“We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!”

Trump seemed to threaten the withdrawal of US military resources from the Middle East if OPEC members in the region didn't work to lower prices.

Trump has called on OPEC to take action to lower oil prices several times this year. The 15-member cartel, along with the Russia-led producers, has capped output since January 2017 in order to end a prolonged and punishing oil price downturn that bankrupted hundreds of U.S. energy companies and heaped financial pressure on crude exporters.

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