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11/7/2018, 7:13 PM (Source: TeleTrader)
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Trump: Oil prices coming down because of me

United States President Donald Trump said on Wednesday that oil prices are "coming down" because of him, taking a jab once again at the Organization of the Petroleum Exporting Countries (OPEC). Speaking at the White House, Trump stated he considers high oil prices a tax on consumers and "I don't like taxes."

The sanctions against Iran "may get tougher over time," he explained but added he does not wish to excite the "very fragile" oil market too much. "I gave some countries a break because they asked for some help and I don't want to drive up oil prices up to $100 a barrel," Trump told reporters about the sanctions waivers granted to 8 countries.

Breaking the News / JC