Oil drops into bear market as Trump warns OPEC against supply cuts

WTI fell 7% on Tuesday

Photos: iStockphoto/Gage Skidmore/Flickr/Creative Commons CC BY-SA 2.0

Tom Eckett
@TomEckettIW
14 November 2018

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Oil prices have continued their downward spiral this week after US President Donald Trump urged Saudi Arabia and OPEC not to cut their production.

Taking to Twitter on Monday, Trump said: "Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply!" The comments caused West Texas...

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