WTI crude rises above $75 for the first time since 2014

US crude continues to rise

Donald Trump will have to make another phone call to the Saudi King if he hopes to bring down oil prices.

The market quickly dropped to $72.51 from $74.30 at the open after his tweet about Saudi Arabia agreeing to raise production but Saudi officials essentially denied it.

Now oil is above $75.00 in a more than $1 rise today. Since June 19, oil is up more than 15%.

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