President Donald Trump said on Friday he wants OPEC to raise its oil production.
“desire OPEC will increase output substantially. Need to keep prices down!” Trump said on Twitter.
OPEC announced coming from its meeting in Vienna of which This specific might raise output, however This specific was unclear by how much. The official press Discharge by the group did not say. Early reports indicated the aim was to improve output by about 1 million barrels per day. however reports so far indicate OPEC has only pledged to stop overshooting its 18-month-old deal to keep 1.2 million barrels per day off the market in order to boost prices.
— CNBC’s Tom DiChristopher contributed to This specific report.