Trump Tweets Oil and Market Shrugs

(Bloomberg) -- Does Trump matter any more to oil traders?

The president has weighed into the oil discussions under way in Vienna, as OPEC and its allies to meet about a potential production cut. And prices didn’t appear to react.

Instead, all eyes are focused on how big of a drop the group will announce this week -- 1 million barrels a day? More?

Russian Energy Minister Alexander Novak said a meeting with his Saudi counterpart, Khalid Al-Falih, on Wednesday morning was “good,” but added there’d be more talks ahead. In private conversations, delegates have said that Moscow and Riyadh still differ on how to share any cuts.

To contact the reporter on this story: Tina Davis in New York at tinadavis@bloomberg.net

To contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Mike Jeffers

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