Trump Ups Pressure on OPEC to Boost Supply as Oil Holds Gains
- U.S. inventories are said to have fallen 4.51 million barrels
- President says group needs to do more to bring price down
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Oil held near three-year highs on U.S. Independence Day as tight supplies at home and abroad overshadow a Saudi pledge to boost output. President Donald Trump reacted with an angry tweet.
OPEC is “doing little to help” reduce gasoline costs, Trump tweeted. “If anything, they are driving prices higher as the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!"