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In his speech to World Economic Forum attendees. President Trump made it clear he wants OPEC to lower oil prices. But actually getting lower prices lower may be more difficult than he made it sound. TD Cowen Managing Director Jason Gabelman explains that US policy is part of the reason for the recent rise in oil prices (CL=F, BZ=F) and that Trump may actually cause them to rise more."Trump adds additional risk to that with strong, very hawkish views against Iran, potential to limit Venezuelan crude exports and risking additional crude that
Trump wants to lower oil prices. It may be harder than he thinks.