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Trump accuses Opec of 'artificially' boosting oil prices; cartel hits back

Several members of the OPEC responded to Trump's tweet, saying prices were not artificially inflated

Reuters  |  Washington | Jeddah 

US President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices, drawing rebukes from some of the world's top energy exporters. "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. US oil prices are near a three-year high, at close to $70 a barrel, and have ...

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First Published: Sat, April 21 2018. 19:54 IST