U.S. President Donald Trump makes a special address remotely during the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 23, 2025. REUTERS/Yves Herman
Yves Herman | Reuters
Crude oil futures fell on Thursday after President Donald Trump said he will ask Saudi Arabia and OPEC to reduce prices.
“I’m also going to ask Saudi Arabia and OPEC to bring down the cost of oil,” Trump said in an address to the World Economic Forum.
Oil, 1 day
U.S. crude oil fell 85 cents, or 1.13%, to $74.59 per barrel, while global benchmark Brent dropped 73 cents, or 0.92%, to $78.27 per barrel.
Oil was higher on the session before Trump began speaking.