Just hearsay, but, I heard said that Trump stepped in when the Saudis’ dropped the price to around $20 per barrel....he bought up a big dollop of it to replenish the country’s strategic reserves. Nice move, if he did. Ken.
Today in the WA country area , around Northam, York and Toodyay price is $0:99.9c litre so with RAC discounts or your Super market voucher it's :94c litre about £0:46 P a litre still !
My understanding is Trump stepped in to support US shale production, not Saudi output. Price of oil actually went negative for a while because strategic reserves generally now full and millions of gallons of the stuff is stuck on tankers globally, which is pushing up storage costs. DS