President Trump Donald John TrumpSteele Dossier sub-source was subject of FBI counterintelligence probe Pelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' Trump 'no longer angry' at Romney because of Supreme Court stance MORE thanked himself for falling oil prices in a tweet Sunday.

Trump likened the recent drop in oil prices to “a big Tax Cut.”

“So great that oil prices are falling (thank you President T),” the president wrote. “Add that, which is like a big Tax Cut, to our other good Economic news. Inflation down (are you listening Fed)!”

So great that oil prices are falling (thank you President T). Add that, which is like a big Tax Cut, to our other good Economic news. Inflation down (are you listening Fed)! — Donald J. Trump (@realDonaldTrump) November 25, 2018

The tweet comes days after Trump thanked Saudi Arabia for falling oil prices and urged: “Let’s go lower!”

ADVERTISEMENT

Last week, Trump reaffirmed the U.S.-Saudi relationship despite the killing of Saudi journalist Jamal Khashoggi. The president declined to criticize Saudi Crown Prince Mohammed bin Salman for Khashoggi’s death, despite intelligence reports that the crown prince likely ordered the assassination inside the Saudi consulate in Istanbul.

Trump has indicated that issuing sanctions or punishing Saudi Arabia over Khashoggi would result in a spike in oil prices.

“If you want to see oil prices go to $150 a barrel ... all you have to do is break up our relationship with Saudi Arabia,” he said last week.

Saudi Arabia is the third-highest global producer of oil.

The Wall Street Journal reported Friday that Trump has been expressing dissatisfaction with Treasury Secretary Steven Mnuchin Steven Terner MnuchinOn The Money: Anxious Democrats push for vote on COVID-19 aid | Pelosi, Mnuchin ready to restart talks | Weekly jobless claims increase | Senate treads close to shutdown deadline Vulnerable Democrats tell Pelosi COVID-19 compromise 'essential' Pelosi asks panels to draft new COVID-19 relief measure MORE for backing Federal Reserve Chairman Jerome Powell and for recent volatility in the stock market.

The president has publicly sounded off on Powell's decision to raise federal interest rates, claiming that it has endangering the country's economic growth.

Trump in an October interview called the Fed his "biggest threat" and suggested that he may have made a mistake appointing Powell.