FxWirePro: Trump tweets down oil price to new session low
President Trump is at it again, As the price of WTI was showing strength since morning, while it gradually approaches the $60 level, President Trump took a jab on oil bulls via his usual tweeter account. About an hour ag…
As the price of WTI was showing strength since morning, while it gradually approaches the $60 level, President Trump took a jab on oil bulls via his usual tweeter account.
About an hour ago, he tweeted, “Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike - fragile!”
And boom! Price is crashing to new session lows.
Price has now declined from $57.5 per barrel during the European hours to $55.8 per barrel, and the price continues to break lower.
With U.S. and OPEC relationship at a critical point, President Trump relentless attack on higher price taking a toll on bulls.
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