EconomySaudi oil profits up 44%; Trump says producers made too much money

Saudi oil profits rose 44%, while President Donald Trump criticized oil producers for making what he called too much money. Speaking in the Oval Office on Monday, Trump directed his latest ire at oil companies and their enormous earnings. Lower energy prices would benefit him three months before midterm elections, which current polling suggests could produce major Democratic gains in Congress. The report says Trump’s war against Iran has instead pushed global oil prices higher, increasing costs for American consumers.