U.S. President Donald Trump on Friday reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.
US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
Crude futures are headed for weekly declines after U.S. President Trump outlined plans to boost domestic production and said he would ask Saudi Arabia and OPEC to lower oil prices. Brent crude and WTI both rose 0.
"You've got to bring down the oil price, you've got to end that war. They should have done it long ago," President Donald Trump said.
U.S. President Donald Trump on Thursday proved that words can be just as powerful as actions — at least temporarily — after his promise to ask the Saudis and OPEC to lower the cost of oil led to a downturn in crude prices.
Trump’s push for cheaper oil, rising U.S. inventories, and OPEC’s next move weigh heavily on crude oil markets. Will prices fall further?
Oil Prices Fall After Four Weeks of Gains as U.S. Boosts Domestic Supply. Will Trump’s policies hurt crude oil’s recovery?
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President Donald Trump has been badmouthing former President Joe Biden over gas prices during his term. Trump’s solution for bringing gas prices down was revealed at a speech at the recent World Economic Forum.
Oil fluctuated as investors reacted to rapid-fire moves on trade by the Trump administration, with the US threatening, and then holding off, on a broad package of curbs against Colombia.
Indian benchmark indices Sensex and Nifty50 fell sharply for a second session due to concerns over weak corporate earnings, US trade policy uncertainty, and continued foreign outflows. The market witnessed significant losses despite the buying support from domestic institutional investors.