President Trump lambasted OPEC via Twitter Friday morning for making oil prices "artificially Very High" — a tweet which hit during an OPEC meeting today and was likely a reaction to oil prices trading at their highest level in three years.

Why it matters: Trump's tweet, while vague, appears to show the president directly attacking OPEC's work with Russia to limit production as the cartel seeks to tame the global crude oil glut. Trump's comments arrive as oil prices are trading at their highest levels in three years and U.S. gasoline prices, while still modest, have been creeping upwards too.line prices, while still modest, have been creeping upwards too.

Reactions from OPEC, via reporters covering the meeting (lightly edited):

  • Energy Intelligence Group's Amena Bakr: "UAE oil min says in response to Trump quote: OPEC is just doing its job of rebalancing the market."
  • Bloomberg News' Javier Blas: "'There is not such a thing as artificial prices', says SaudiArabia energy minister Khalid Al-Falih in response to Trump's tweet."
  • Platts Oil's Herman Wang: "Oil inventories are still above where they were before the downturn, Saudi energy minister Khalid Al-Falih says. 'The inventory drawdown needs to continue' but 'we are not decided yet on precisely what is the target'."

Go deeper

Updated 1 hour ago - Science

Texas and Louisiana face fresh flood threat from Tropical Storm Beta

Tropical Storm Beta slowly approaching the Texas coast on Monday. Photo: National Weather Service/Twitter

Tropical Storm Beta was dumping heavy rains over Texas as it churned its way inland overnight, bringing the risk of "life-threatening storm surge" and flooding to parts of the state and Louisiana, the National Hurricane Center said.

What's happening: The slow-moving storm was causing coastal flooding along areas including the bays near Houston and Galveston in Texas Monday, per the National Weather Service. Texas Gov. Greg Abbott (R) made a disaster declaration and Louisiana Gov. John Bel Edwards (D) declared a state of emergency Monday.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 31,328,238 — Total deaths: 964,839— Total recoveries: 21,503,496Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 6,857,967 — Total deaths: 199,884 — Total recoveries: 2,615,949 — Total tests: 95,841,281Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: U.K. upgrades COVID alert level as Europe sees worrying rise in infections — "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.

Louisville police declare state of emergency as Breonna Taylor decision looms

A demonstrator holds up a sign of Breonna Taylor during a protest in Louisville, Kentucky. Photo: Brandon Bell/Getty Images

The Louisville police chief declared in a memo obtained by news outlets a "state of emergency" for the department on Monday to prepare for Kentucky Attorney General Daniel Cameron's expected announcement on the Breonna Taylor case.

Of note: Louisville has witnessed more than 115 days of protests over the police killing of Taylor, an unarmed Black woman, with calls for all the officers involved to be charged.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!