Trump criticises Opec, says will not accept high oil prices; crude dips

Crude prices have also been supported by an expectation that the US will re-introduce sanctions on OPEC-member Iran

Oil prices fell on Friday after US President Donald Trump criticised OPEC and said oil prices were artificially high, but they were still set for a weekly gain. This is what the US president tweeted: 

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!

— Donald J. Trump (@realDonaldTrump) 20 April 2018

Brent crude oil futures were at $73.26 per barrel at 1139 GMT, down 52 cents from their last