Trump thanks Saudi Arabia for lower oil prices

US President Donald Trump thanks Saudi Arabia for lower oil prices — a day after pledging the US would remain a “steadfast partner” of the kingdom despite the murder of a dissident journalist.

“Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82,” he tweets.

“Thank you to Saudi Arabia, but let’s go lower!”

The remarks come a day after Trump linked his decision to continue backing the petro-state — despite Crown Prince Mohammed bin Salman’s alleged involvement Jamal Khashoggi’s death — to his desire to keep oil prices low.

“If we broke with them, I think your oil prices would go through the roof. I’ve kept them down,” he told reporters at the White House.

“They’ve helped me keep them down. Right now we have low oil prices, or relatively.”

Oil recovered slightly on Wednesday after slumping more than six percent, with traders fretting that Saudi Arabia may not deliver on planned production cuts.

— AFP

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