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Trump's Claim of ‘Oil All Over the Place’ Isn't True Anymore

Brian Wingfield, Rupert Rowling, Laura Hurst
Trump's Claim of ‘Oil All Over the Place’ Isn't True Anymore

U.S. President Donald Trump’s assertion that OPEC is propping up oil prices amid oversupply and an excess of floating storage has a problem: it’s only half true. While OPEC has been curbing supply in a successful bid to revive oil prices, the group’s success means that there’s no longer a global glut of oil. “Looks like OPEC is at it again,” Trump said in a Twitter post.