Trump considers the fall in world oil prices to be his merit

“How wonderful that oil prices are falling (say thank you to President T). Add to other good economic news, significant tax cuts (the largest US tax reform in 30 years). In addition, the level of inflation is reduced (you hear, the fed [Federal reserve])”.

Trump, recall, regularly criticizes the ongoing fed policy of continuous increase of the basic interest rate. According to the President of the United States, it is adversely affecting the economic growth of the country.

On November 23, the price of Brent crude oil futures (the main one on the international market for determining the price of oil, including Russian) at the ICE exchange in London fell by 4.2% to $ 59.8 US per barrel. The last time the price of this grade of oil was below the level of $ 60 per barrel on October 27, 2017.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor