Trump says Saudi King wouldn't last two weeks without United States support

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"You have to pay for your military", Trump told a campaign rally in Southaven. But I said 'King, we're protecting you, you might not be there for two weeks without us. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

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. At the end of September, Trump reportedly called the Saudi King, and although the nature of that conversation was not disclosed, most oil watchers believed that the call was an attempt to pressure the Saudis into increasing oil supply.

There was no immediate reaction Wednesday in Saudi Arabia to Mr. Trump's remarks. Would you say they're rich? Saudi Arabia was the United States leader's first stop during his first worldwide tour as president a year ago.

Brent crude, the global benchmark, fell 12 cents to $84.68 a barrel at 1125 GMT, reversing an earlier gain.

Saudi Arabia and Russian Federation have increased production as a result but last month Opec and non-Opec members ruled out a further hike to compensate for the expected 2m barrel a day loss from Iran.

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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. That would be just short of the record high for Saudi output of 10.72 million bpd in November 2016.

Meanwhile, U.S. gasoline prices are up ahead of November midterm elections in which Trump already faces political headwinds. It was around $50 (€43) a year ago.

Trump criticized oil producers in his speech before the U.N. General Assembly last week. "Nobody should like it", he said.

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He further added, "we defend many of these nations for nothing, and then they take advantage of us by giving us high oil prices. Not good. We want them to stop raising prices, we want them to start lowering prices", he said.

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