OIL/SAUDI ARABIA/TRUMP AS PRESIDENT: “U.S. President Donald Trump on Wednesday [11-21-18] praised Saudi Arabia for helping to lower oil prices as pressure intensified for the United States to impose tougher sanctions on its Middle East ally over dissident Saudi journalist Jamal Khashoggi’s murder. In a tweet, Trump thanked Riyadh for the recent drop in oil prices and called for prices to go even lower to boost the U.S. and global economies. Trump has repeatedly blasted high oil prices, criticized OPEC over its production and pressured Saudi Arabia, a major oil producer, to act. Oil prices <CLc1> <LCOc1> rose on Wednesday but have been trending lower for weeks. Oil prices tumbled more than 6 percent on Tuesday [11-20-18], with U.S. crude diving to its lowest in more than a year, caught up in a Wall Street selloff fed by mounting concerns about slowing global growth.”
–Reuters, “Trump Praises Saudi Arabia Amid Pressure Over Ally,”The New York Times online, November 21, 2018