Offshore

Trump piles pressure on Saudis flummoxed by higher oil price

As Saudi Arabia pumps more oil before its customers get burned, prices have increased. And US President Donald Trump is not happy, tweeting on Saturday that the Saudi king had agreed to boost the country's oil output to cut costs for consumers.
Photo: Bloomberg
Photo: Bloomberg
by Anthony DiPaola, bloomberg

If the world's biggest crude exporter says it is going to ramp up production, prices usually drop. But as Saudi Arabia adds barrels before its customers get burned, prices have jumped. And Donald Trump is not happy.

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