OPEC `At It Again' by Inflating Oil Prices, Trump Says in Tweet

(Bloomberg) -- President Donald Trump set his sights once again on OPEC, which he accused of inflating oil prices.

"Oil prices are too high, OPEC is at it again. Not good!" Trump said in a Twitter posting on Wednesday.

In April, Trump slammed the cartel, which he said was behind artificially high prices after it signaled a willingness to tighten crude markets. At the time, he said the cartel "was at it again" and it "will not be accepted."

The OPEC attack came soon after Trump returned from a summit in Singapore with North Korean leader Kim Jong Un. Early Wednesday, Trump declared that Pyongyang no longer poses a nuclear threat to the U.S., even though Kim hasn’t committed to a timetable for giving up his regime’s weapons.

©2018 Bloomberg L.P.