Trump: Low Oil Prices Put U.S. In Good Negotiating Position With Russia

US President Donald Trump may have just said the quiet part out loud, answering analyst questions about the motivation behind OPEC’s decision to unwind its production cuts more than anticipated at a time when oil prices are already low. “We’re in a good position to settle with Russia as oil prices are down,” President Donald Trump said on Monday, May 5, referring to ongoing negotiations related to the war in Ukraine. The comment came just days after OPEC shocked markets by announcing it would unwind production cuts for June—three…