U.S. President Donald Trump criticized OPEC on Friday for output curbs that have helped raise global oil prices and said "artificially" high prices would not be accepted, drawing rebukes from oil-producing countries as prices dipped following his remarks. Oil prices are artificially Very High! With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! Oil prices fell after Trump's remarks but were still set for a weekly gain. Brent crude oil futures and U.S. West Texas Intermediate (WTI) crude futures hit their highest levels since November 2014 earlier this week, at $74.75 and $69.56 US per barrel respectively, buoyed by a tightening market and higher demand.

Source: CBC News April 20, 2018 14:15 UTC