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Oil prices fall as Trump targets OPEC on Twitter



President Donald Trump again called OPEC on Twitter on Thursday, pushing the oil "monopoly" to stop driving prices higher.

The US President's last tweet, while calling on the cartel to "boost the oil flow," used a fairly friendly tone, which is different from previous tweets on the same subject going back beyond his presidency.

Today's message to OPEC cited the world's brutal markets and the high price of oil.

Earlier, the tone has been far more critical, referring to higher gas prices instead of higher oil prices, chastising the cartel to "do little to help" and claim that the group is responsible for driving the prices higher. President Trump's April 201

8 tweet on the subject said oil prices were "artificially very high!" And that it would not be accepted.

Tweet on July 2018 pointed out that the United States defends some of these OPEC members.

In December, the evening before OPEC met to discuss production cuts, the president sent oil prices down as he informed OPEC that "the world will not see or need higher oil prices!"

Today's tweet also sent oil prices down, with WTI trading down $ 0.46 (-0.77%), and Brent down $ 0.52 (-0.77%) at 11:25 EST.

Related: Venezuela Oil production in danger after New Blackout

Just yesterday, a Twitter manager informed the Washington Post that the company mulled over the possibility that tweets could soon be noticed from politicians – even the president's – when they break Twitter rules. The label is likely to be a type of comment designed to "context" to alert Twitter users that a post is a violation of the rules while leaving posts as it is still considered newsworthy.

The organization said it would still pull down some tweets that violate rules, even those it considers newsworthy when rising to a certain level, such as a tweet that threatens violence.

It is unclear how such a label will be assigned, which label will read, and who will make it determined.

By Julianne Geiger for Oilprice.com

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