Politics

Trump Accuses OPEC Of Artificially Pumping Up Oil Prices

REUTERS/Jonathan Ernst

Saagar Enjeti White House Correspondent
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President Donald Trump accused the Organization of the Petroleum Exporting Countries Friday of artificially inflating oil prices.

Trump’s tweet came as the price of oil sits at a three year high of $69 a barrel. CNBC noted that Trump is “likely referring to OPEC’s production level agreement with Russia and other producers put in place last year.”

The agreement is set to expire at the end of the year.

Trump has long railed against OPEC before taking office saying:

Saagar Enjeti