President Donald Trump slammed OPEC for inflating oil prices after the cartel showed a willingness to further tighten crude markets. “Looks like OPEC is at it again,” Trump said on Twitter, not long after energy ministers finished their meeting in Jeddah, Saudi Arabia. “Oil prices are artificially Very […]
Oil prices rise as OPEC cites the success of supply reduction pact Oil prices rose nearly 3% on Tuesday, a sign that the market may finally be stabilizing after years of oversupply. This news was prompted primarily by Saudi Arabian export cuts. In observance of the OPEC-led supply […]
Oil prices tank as OPEC deal on output cuts disappoints traders Oil prices tanked early Thursday after OPEC reached an agreement to cap oil production for another nine months at the same level that couldn’t fix the oversupplied oil market this year. The U.S. oil benchmark fell as […]
