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Oil slumps 3 percent after Trump again criticizes OPEC

Updated : February 25, 2019 10:54 PM IST

After the tweet, prices reversed earlier gain that had built on expectations for tightening supply and hopes for an agreement a day after the president promised progress in coming weeks over US-China trade talks.
Crude prices have risen by about 20 percent since the start of the year when the Organization of the Petroleum Exporting Countries and non-member producers, such as Russia, cut production to reduce global supply.
Oil slumps 3 percent after Trump again criticizes OPEC

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