Oil prices fall even further after Donald Trump demanded that OPEC raise output
In this file photo, an oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014.
US West Texas Intermediate crude futures were at $62.92 per barrel, down 38 cents, or 0.6 percent, from their previous settlement. Both benchmarks fell around 3 percent in the previous session. “Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,” Trump told reporters.
Traders said the market was shifting its focus on the voluntary supply cuts led by the Middle East dominated producer club OPEC since the start of the year.
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