Trump Slams OPEC as Cartel Pushes Harder for High Oil Prices

Crude erases gains as Trump accuses group of inflating prices
OPEC, Russia show willingness to keep tightening market

$70 Per Barrel Target 'More Realistic' for Oil Price, Says Schork

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By Angelina Rascouet, Wael Mahdi, Elena Mazneva, and Grant Smith

April 20, 2018 at 8:05 AM UTC

Updated on

April 20, 2018 at 1:46 PM UTC

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U.S. 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 High! No good and will not be accepted!”