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.

President Trump is urging Saudi Arabia and OPEC to increase oil output to pressure Russia into ending the war in Ukraine, while also threatening additional sanctions against Russia.

Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.

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President Trump told attendees at Davos that he’ll demand interest rates drop “immediately” and that he’ll ask Saudi Arabia and OPEC to cut the price of oil.“If the price came down, the Russia-Ukraine war would end immediately,

Crude oil futures fall as Trump urges Saudi Arabia to lower prices, potentially increasing output. Impact on global growth and U.S.

The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.

Nigeria is preparing to persuade the Organisation of Petroleum Exporting Countries (OPEC) to increase its oil production quota as

Former President Joe Biden's eleventh-hour decision to impose tougher sanctions on Russian crude oil sales may make it difficult for President Trump to make good on his promise to reduce oil and gasoline prices, petroleum economist Philip Verleger said in an online commentary earlier this week.

On Tuesday, the first trading day following the inauguration, the Dow Jones Industrial Average DJIA rose 1.2% and the S&P 500 SPX climbed 0.9% as investors welcomed Trump's calmer-than-expected tone on tariffs. The S&P 500 hit its first record close of his second term on Thursday.

President Donald Trump needs to choose what he wishes for — a lower oil price or higher domestic crude volume — because “he can’t have both,” Manish Raj, managing director at Velandera Energy Partners,