Oil prices fall as Trump demands OPEC ‘reduce pricing now’

Oil prices fell on Thursday after US President Donald Trump sent a tweet demanding that OPEC cut prices for crude.

The escalating trade row between Washington and Beijing also cast a shadow over markets, with China warning it could introduce duties on US crude imports.

Recent price rises have also been spurred by a U.S. announcement that it plans to re-introduce sanctions against Iran from November, targeting oil exports.

Source: Radio Pakistan