What Trump's Tweet About Saudi Arabia Means For U.S. Oil Prices

Published: Tuesday, July 3, 2018 - 12:28pm
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If you drive, you know the prices at the pump are as high as our summer temperatures.

So when President Donald Trump tweeted that he’d spoken with Saudi Arabia’s King Salman, asking him to raise their oil production by two million barrels per day, and that they’d agreed — it raised some eyebrows.

After all, it’s a supply and demand issue. If there’s more oil out in the market, prices will go down — possibly, those prices at your neighborhood pump.

For a little translation, The Show reached out to Ashley Petersen, the lead oil analyst at Stratas Advisors.

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