US President Donald Trump rails against high oil prices, OPEC pushes back

This year's budget agreement includes the sale of about 100 mn barrels of crude oil - about 15 per cent of the reserve - as US oil production recently hit a record at more than 10 mn barrels a day

US President Donald Trump accused the Organization of the Petroleum Exporting Countries (OPEC) on Friday of “artificially” boosting oil prices after a year-plus pact that has slashed global crude inventories, drawing rebukes from oil-producing countries as prices dipped following his remarks.
 

“Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea. Oil prices are artificially Very High! No good and will not be accepted!” Trump wrote on Twitter. 

It was unclear what triggered the tweet, Trump’s first mention of OPEC on social media during his term. It came