AFP, London :
The price of oil sank Monday after US President Donald Trump urged the OPEC crude producers’ cartel to help cut “high” prices and aid the “fragile” world economy.
By 1300 GMT, Brent North Sea crude for delivery in April had sunk $1.58 to $65.54 per barrel compared with Friday’s closing level.
The US benchmark West Texas Intermediate for April dropped $1.29 to $55.97.
“Oil prices getting too high. OPEC, please relax and take it easy,” Trump tweeted.
“World cannot take a price hike – fragile!”
Oil prices had traded relatively flat for the morning session but fell sharply following the remarks.
The price of oil sank Monday after US President Donald Trump urged the OPEC crude producers’ cartel to help cut “high” prices and aid the “fragile” world economy.
By 1300 GMT, Brent North Sea crude for delivery in April had sunk $1.58 to $65.54 per barrel compared with Friday’s closing level.
The US benchmark West Texas Intermediate for April dropped $1.29 to $55.97.
“Oil prices getting too high. OPEC, please relax and take it easy,” Trump tweeted.
“World cannot take a price hike – fragile!”
Oil prices had traded relatively flat for the morning session but fell sharply following the remarks.
