This was a reaction to President Trump's early morning tweet about oil prices rising too high. Saudi Arabia could increase oil production if necessary, but there are no incentives for Saudi Arabia to do so at this point. President Trump argued in his tweet that higher oil prices would hurt the "fragile" global economy. Jobs would be lost as a result, and U.S. oil production would decline in the process. For President Trump and the U.S. there is a fine line between good low oil prices and too low oil prices .

Source: Forbes February 25, 2019 17:37 UTC