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Oil Prices Skyrocket to a Four‑Year High – Trump’s Crusade Unfazed
Picture this: Brent crude is
hopping up to $80.94 a barrel—the highest it’s hit since 2014. And guess what?
The big boss at OPEC just sat back and decided to keep the supply plan as is.
Why the Sudden Surge?
- Weekend Drama: Saudi Arabia and Russia, the heavy‑weights of the oil world, vetoed any “extra handouts” in production.
- Trump’s Call to Action: The President demanded those oil freaks slide the prices down. He even fired off a tweet: “OPEC must get prices down now!”
- Saudi Response: Energy Minister Khalid al‑Falih shrugged: “I don’t influence prices.”
The Algiers Meeting Climaxes With a Quiet Kiss
The crew of OPEC and the extra‑OPEC oil ministers met in Algiers, but when the time came to sign off on an increase, the flat iron rolled. No official recommendation. And profit! It’s a scenario that feels like watching a show where the CEO refuses to sign a contract even though the board is ready to declare bankruptcy.
In Other Words…
Oil is playing the “high‑roller” card, and the world’s top oil producers are holding their cards. Trump wants to shave prices down, but the OPEC coalition is saying, “Nah, we’re good.” The result? Prices are tearing up the charts, and it feels like the market got a sudden caffeine boost.
Stay tuned for the next round; oil prices might still be up for a thrilling roller‑coaster ride.
