I told Saudi king he wouldn't last two weeks without United States support

I told Saudi king he wouldn't last two weeks without United States support

I told Saudi king he wouldn't last two weeks without United States support

"I love the king, King Salman, but I said, 'King, we're protecting you, '" Trump says at a campaign rally in MS, without elaborating on when he spoke to King Salman bin Abdulaziz. The price per barrel was about $75 (€65) on Tuesday.

Sources told Reuters earlier on Wednesday that Russian Federation and Saudi Arabia had informed the United States of their private deal to raise supply before a meeting in Algeria with other producers. Trump said, in his -N General Assembly speech in NY last month, that OPEC members were ripping off the rest of the world. While the kingdom's ties with the USA have improved under Trump, Tuesday's remarks were unusually harsh and appeared to question the stability of a monarchy in power since the 1930s.

US President Donald Trump and Saudi Arabia's King Salman bin Abdulaziz Al Saud (R) attend the Arab Islamic American Summit in Riyadh, Saudi Arabia, May 21, 2017.

Trump continued the pressure campaign at a campaign rally in MS on Tuesday, where he offered some details about the conversation.

Trump has yet to demand payment for keeping U.S. troops in the oil-rich region, but the United States president did urge them to lower oil prices in return for security last week.

The US crude oil price is pausing for breath after its strong advance ahead of US sanctions on Iran, which take effect on November 4.

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USA crude inventories jumped 8 million barrels last week, quadruple analysts' expectations and the biggest build since March 2017, the Energy Information Administration said. Not good. We want them to stop raising prices.

Saudi Arabia's oil output has reached record highs - and the country could further boost production next month as USA sanctions on Iran edge closer.

Saudi Arabia is the world's top oil exporter and the de facto leader of OPEC, which has been criticized by Trump for high oil prices.

Trump has repeatedly vaunted the might of the USA military and the country's role as the "protector".

Oil prices have risen in recent weeks ahead of U.S. sanctions on Iran - set to be imposed early next month.

"When you have wealthy countries like Saudi Arabia, like Japan, like South Korea, why are we subsidising their military?" asked Trump, who pushes an aggressive "America first" policy on trade.

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