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Five events will decide oil prices, not Trump

Sep 22, 2018 - The Daily Telegraph (London)

US President Donald Trump looks increasingly toothless when it comes to oil markets. Despite ranting on Twitter about Opec's alleged market rigging, the leader of the world's largest consumer of crude has been ineffective in damping down the cost of a barrel.

Five key events could determine where prices, currently around $80 per barrel, head over the next year and Trump's tweets are not among them.

Firstly, Opec's power brokers and their allies led by Russia are gathering in Algeria ...