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'We make a lot of money': Trump spins spiking oil prices as benefit for US

In a Truth Social post, Donald Trump suggested that the skyrocketing price of oil – which jumped back above $100 a barrel before dropping to $98 a barrel – would ultimately be beneficial for Americans who are facing increased gasoline prices at the pump.

“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” the president – who campaigned on bringing down costs – wrote.