Trump calls for OPEC to boost oil production, says price too high

"Very important that OPEC increase the flow of Oil. World Markets are fragile, price of Oil getting too high. Thank you!” Trump wrote in a post on Twitter.
Immediately following Trump’s tweet, U.S. crude oil futures fell by more than $1 to $58.33 a barrel and Brent futures were down by more than $1 to a session low of $66.76 per barrel.

But analysts have warned oil prices would be higher by now if not for a spreading economic slowdown expected to soon start hitting fuel consumption.



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