Trump May Wade Into Oil Fight That Has Rocked U.S. Drillers
- President says crude’s crash has been good for U.S. consumers
- U.S. has power over Saudi-Russia fight, seeks common ground
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President Donald Trump said he could intervene in an oil-price war between Russia and Saudi Arabia that has left U.S. oil drillers reeling.
For now though, low prices are akin to a tax cut for American consumers, he said. Speaking in Washington at a briefing on the coronavirus pandemic, Trump said he would take action in the oil dispute at the “appropriate time.”