President Trump on Monday said he hopes Saudi Arabia and OPEC don’t cut oil production hours after the Saudi energy minister indicated the country would reduce its output next month.
“Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply!” Trump tweeted Monday afternoon.
The president, who has no public events scheduled for Monday, commented on oil prices the same day Saudi Arabia said it would cut its oil output by 500,000 barrels per day in December.
Read more at The Hill.