As US oil prices hit a historic low on Monday plunging to $0.01 per barrel, US President said his administration "will never let the great US oil and gas industry down".

We will never let the great US oil & gas industry down, says Trump after prices crash

Oil prices were under pressure on Tuesday from concerns the escalating China-US trade dispute could slow the global economy, while US sanctions on crude exporters Iran and Venezuela helped keep the market on edge.

International oil prices dip over China-US trade dispute, Iran sanctions

OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.

OPEC not to meet in April on oil output cuts

Oil prices fell on Thursday amid volatile currency and stock markets, coupled with concerns that an economic slowdown in 2019 will cut into fuel demand just as crude supplies are surging.

Oil prices fall over volatile currency, slowdown worries

OPEC and its Russia-led allies agreed on Friday to slash oil production by more than the market had expected despite pressure from US President Donald Trump to reduce the price of crude.

OPEC, Russia agree to cut oil production after Vienna talks; prices jump

In a move aimed at President Trump, Saudi Arabia's oil minister said the US should not try to dictate policy to the Organisation of the Petroleum Exporting Countries OPEC.

US not in a position to tell us what to do, says Saudi Arabia on oil price cut

Oil markets remained weak on Friday, pressured by concerns that producers are churning out more oil than the world needs amid a bleak economic outlook. US West Texas Intermediate (WTI) crude futures CLc1, were at $54.

International oil prices fall amid supply glut, bleak economic outlook

Despite Trump's tweet oil prices are set to close at a record high this week.

'Will not be accepted': After Trump's tweet on oil, prices dip

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