Oil near 3-1/2-year high despite President Trump demand that OPEC cut prices
Trump again on Wednesday accused the Organization of the Petroleum Exporting Countries of driving up fuel prices. "The OPEC Monopoly must remember that gas prices are up & they are doing little to help," Trump wrote on his personal Twitter account. "If anything, they are driving prices higher as the United States defends many of their members for very little $`s."
OPEC together with a group of non-OPEC producers led by Russia started to withhold output in 2017 to prop up the market. Image source: Reuters