Trump Commented on the Drop in Oil Prices
OREANDA-NEWS. US President Donald Trump optimistically commented on the record drop in world oil prices and the sharp decline in stock indices. “Saudi Arabia and Russia are arguing over the price and flow of oil. That, and the Fake News, is the reason for the market drop! Good for the consumer, gasoline prices coming down!” the politician wrote on his Twitter page.
On March 9, the drop in oil prices by more than 30 % occurred after the collapse of the OPEC+ and the lifting of production restrictions since April 1. According to media reports, Saudi Arabia has already stated that it intends to increase production and lower oil prices.
The main stock markets of the Asia-Pacific region on Monday closed with a fall of 3–7%, and in Europe trading opened with a drop of 6–9 %. Similar dynamics was also demonstrated by the stock exchanges of the Persian Gulf countries, Egypt and other states.