Saudi Arabia and OPEC (the Organization of Petroleum Exporting Companies) and U.S. President Donald Trump don’t exactly see eye to eye, and the rivalry is ramping up…
In a tweet yesterday, Trump accused OPEC of artificially limiting supply.
Despite the browbeating, the oil conglomerate doesn’t seem to be budging on oil prices.
That’s because there’s more to the conflict between Trump and OPEC right now than meets the eye, according to Money Morning Global Energy Strategist Dr. Kent Moors.
Moors unpacked the rivalry in a live television appearance yesterday, where he also told viewers the true drivers of oil prices right now – and where the price of oil is likely to go next:
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