U.S. Markets closed

Trump Asks OPEC to Pump More Oil Because Prices Are Too High

Mar.28 -- U.S. President Donald Trump renewed his criticism of OPEC, saying the cartel should increase production because prices are getting “too high.” It’s the second time this year the president has taken to Twitter to urge the cartel to backtrack on its current policy of cutting production. Unlike last year, when Trump’s attacks triggered a swift U-turn in Saudi oil policy, the group has so far ignored his calls. Ashley Petersen, senior oil market analyst at Stratas Advisors, talks with Bloomberg's Alix Steel about oil prices.