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Trump says OPEC 'monopoly' must get prices down

Published 09/20/2018, 08:14 AM
Updated 09/20/2018, 08:14 AM
© Reuters. FILE PHOTO: Two persons pass the OPEC logo in front of OPEC's headquarters in Vienna

WASHINGTON (Reuters) - U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices.

"We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!" Trump wrote on Twitter.

(This version of the story has been refiled to add quote marks in headline to reflect that President Trump in his tweet called OPEC a monopoly. OPEC is an organization of oil producers but not a monopoly.)

Latest comments

actualy its an oligopoly,
what is trump saying
It be one thing if they paid us (mercenaries) but we do it for free. USA is now the largest oil producer,we should walk away, if not renbursted.MAGA
We do it to stop the spread of terrorism, which protects us. We walk away and the region falls and there will be more 911s. Lets not forget, if the OPEC price falls so does the price for domestic producers; it's a world market.
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