Donald Trump has told his energy and economic officials to craft a plan to help energy companies that have been hit by the collapse in oil prices, in a move that is expected to face resistance from Democrats in Congress.
“We will never let the great US oil & gas industry down,” Mr Trump tweeted on Tuesday morning. “I have instructed the Secretary of Energy and Secretary of the Treasury to formulate a plan which will make funds available so that these very important companies and jobs will be secured long into the future!”
The White House is struggling to respond to the fall in prices, which has continued despite a recent deal between Saudi Arabia and Russia to cut supply by almost 10m barrels a day, that Mr Trump helped broker.
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