Trump blames oil fight, 'Fake News' for stock market drop

Trump blames oil fight, 'Fake News' for stock market drop
  • Clock-gray 19:27
  • calendar-gray 09 March 2020

U.S. President Donald Trump blamed a fight for oil market share between Saudi Arabia and Russia, as well as unspecified “Fake News,” for a precipitous drop in U.S. stock prices on Monday, amid sliding demand for crude due to the coronavirus, APA reports citing Reuters. 

In a series of tweets, Trump also said the associated plunge in oil prices would benefit Americans: “Good for the consumer, gasoline prices coming down!”

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