How low does President Donald Trump want oil prices to go? It’s become a crucial question for global oil markets and the U.S. oil industry after the president cheered the recent plunge to $50 a barrel, the lowest level since 2015.
Trump has taken credit for the 30% drop in prices over the past six weeks, referring to it as a “big tax cut” for Americans, and encouraged OPEC kingpin Saudi Arabia to push prices even lower.
