Trump called transient phenomenon the fall in oil prices WTI

the Current decline in the price of oil WTI – a transient phenomenon. This opinion was expressed by the President of the United States Donald trump, assuming that it’s more of a financial issue than the oil situation.

the Us leader is confident that within a month the price will rise to 25-28 dollars per barrel, TASS. Trump also said that current oil prices will allow the United States to completely fill their strategic oil storage.

Recall on Monday for the first time in U.S. history, the price of North American WTI crude oil for delivery in may fell on the new York Mercantile exchange into negative numbers.

“WTI is a regional history,” said managing Director, Berkeley Research Group and former member of the Federal Commission of the USA on energoremservice Branko Terzic, Recalling that we are talking about the so-called American oil. Falling prices, he explained by several reasons: limitations in logistics (oil land), possible overcrowding of storage facilities and the fact that the country is not working.