Trump attacks OPEC again, ahead of production meeting

President Donald Trump blasted OPEC again for a spike in oil prices that threatens to slow America’s cruising economy and anger voters before the midterm election. “Oil prices are too high, OPEC is at it again,” Trump tweeted on Wednesday. “Not good!”

Trump’s attack on OPEC — his second in two months — appears aimed at talking down prices and bullying the cartel into agreeing at next week’s meeting to pump more oil.

The price of US oil raced to $72 a barrel last month. It has dropped back below $67, but Americans are still feeling it at the pump. The national average price of gasoline has soared 25% over the past year to $2.90 a gallon, according to AAA.

Source: CNN