He posted the corresponding post on his Twitter page.

“Oil prices are rising as Saudi Arabia is reducing production. Our wonderful energy companies with millions of jobs look great again. At the same time, gas prices in the US are at a record low, ”he wrote.

Crude Oil prices going up as Saudi Arabia cuts production levels. Our great Energy Companies, with millions of JOBS, are starting to look very good again. At the same time, gasoline prices at record lows (like a big Tax Cut). The BEST of all Worlds. “Transition To Greatness”

- Donald J. Trump (@realDonaldTrump) May 12, 2020

Earlier, Trump and the king of Saudi Arabia, Salman bin Abdel-Aziz Al Saud, discussed the issue of stability in the energy markets.

Deputy Director General of the Institute of National Energy Alexander Frolov in an interview with the NSN commented on fluctuations in oil prices.