Trump touts falling oil prices: 'Way to go president T'

President TrumpDonald John TrumpTrump nominates ambassador to Turkey Trump heads to Mar-a-Lago after signing bill to avert shutdown CNN, MSNBC to air ad turned down by Fox over Nazi imagery 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)!”

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

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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 MnuchinSteven Terner MnuchinHillicon Valley: Facebook weighs crackdown on anti-vaccine content | Lyft challenges Trump fuel standards rollback | Illinois tries to woo Amazon | New round of China trade talks next week On The Money: Trump declares emergency at border | Braces for legal fight | Move divides GOP | Trump signs border deal to avoid shutdown | Winners, losers from spending fight | US, China trade talks to resume next week Treasury sanctions top Maduro allies in Venezuela 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.