Two countervailing forces that will influence looming OPEC's decisions were on prominent display Tuesday: President Trump and fallling prices.
What's happening: Trump caused a stir yesterday when he issued a statement signaling clear U.S. backing for Saudi Arabia despite the murder of journalist Jamal Khashoggi. He stayed in realpolitik mode, later telling reporters that the Saudis have helped keep oil prices down. And he tweeted this morning, "Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!"