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Trump: I called up OPEC. I said, ‘You’ve got to bring oil prices down. You’ve got to bring them down,’ and gasoline’s coming down"
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Loading...Oil prices tumbled as much as 4% on Friday, extending early losses after President Donald Trump said he told OPEC to take action to temper fuel costs.
“The gasoline prices are coming down. I called up OPEC. I said, ‘You’ve got to bring them down. You’ve got to bring them down,’ and gasoline’s coming down,” Trump told reporters en route to a National Rifle Association event in Indianapolis.
Brent crude futures were down $2.72, or 3.7%, at $71.63 per barrel around 12:30 p.m. ET (1630 GMT), after hitting a one-week low at $71.31. Brent was down about half a percent for the week, threatening to fall short of a fifth weekly price gain, which would be the longest stretch in a year.
U.S. West Texas Intermediate crude futures fell $2.57, or 3.9%, to $62.64 per barrel and were down about 2% for the week. WTI had been on track for its eighth successive weekly gain, the longest weekly run since the first half of 2015.
Source: CNBC
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