“After the United States, Saudi Arabia is the largest oil-producing nation in the world,” Mr. Trump said in a statement. “They have worked closely with us and have been very responsive to my requests to keeping oil prices at reasonable levels—so important for the world.” Daqing Oil Field, northeast China’s Heilongjiang Province. Photo: Wang Yunlong/Zuma Press Oil extended declines following that statement and Mr. Trump’s related remarks about the U.S. remaining a “ steadfast partner ” of Saudi Arabia despite the killing of a dissident journalist last month. Some market participants said Mr. Trump’s comments could be an attempt to keep Saudi Arabia from cutting production at the December meeting among OPEC and non-OPEC members. While the comments alone didn’t catalyze Tuesday’s selloff, they compounded existing concerns about oversupply, they said. Oil is “on skids right now,” said Mark Benigno, director of energy trading at INTL FCStone . “Maybe […]