Oil prices are set, for the most part, by Saudi Arabia and, to a lesser extent, it’s OPEC partners.
After Trump tweeted his unhappiness with the price of oil in April, the price of oil fell.
No good and will not be accepted!” Trump wrote on Twitter in April.
Prior to Trump’s April tweet, the price of oil had soared from $50 a barrel last fall to over $70.
In late May, that decline reversed and the price oil declined as Russia and Saudi Arabia indicated a willingness to accept lower prices.
Oil prices are too high, OPEC is at it again. Not good!
— Donald J. Trump (@realDonaldTrump) June 13, 2018