The White House late Saturday issued a statement backing down from Donald Trump’s earlier tweet indicating that he had convinced Saudi Arabia’s king to produce as much as 2 million barrels of additional oil a day to bring prices down.

The White House statement said instead that while King Salman bin Abdulaziz confirmed his country has the extra production capacity, the Saudis will “prudently” use it “if and when necessary to ensure market balance and stability, and in coordination with its producer partners, to respond to any eventuality.”

via White House backs off Trump’s tweet claiming Saudi agreed to produce more oil – AOL News

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White House backs off Trump’s tweet claiming Saudi agreed to produce more oil – AOL News

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