Market
What will be OPEC's response to Trump's request by March 31, 2025?
2
Resolution / Starting Odds
Agree to lower prices • 25%
Refuse to lower prices • 25%
No official response • 25%
Other • 25%
Official statements from OPEC, reported by major news outlets
Story
Trump, Speaking at Davos, Urges OPEC to Lower Oil Prices to End Ukraine War
Jan 23, 2025, 04:33 PM
President Donald Trump, speaking remotely at the World Economic Forum in Davos, Switzerland, announced that he will ask Saudi Arabia and OPEC to lower oil prices, expressing surprise that they had not done so before the U.S. elections. Trump suggested that reducing oil prices, currently around $80 per barrel, could immediately end the war between Russia and Ukraine by limiting Russia's ability to finance its military operations. Following his remarks, WTI oil prices fell.
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OPEC refuses to lower prices • 25%
No official response from OPEC • 25%
OPEC agrees to lower prices • 25%
OPEC lowers prices temporarily • 25%
Oil prices are lowered • 25%
Oil prices remain unchanged • 25%
Oil prices increase • 25%
No official response • 25%
Prices increase • 25%
Volatile fluctuations • 25%
Prices remain stable • 25%
Prices decrease significantly • 25%
Decrease by 1-10% • 25%
Decrease by more than 10% • 25%
Remain stable • 25%
Increase • 25%
Significant reduction • 25%
Moderate reduction • 25%
No change • 25%
Increase • 25%
Increase imports significantly • 25%
No significant action • 25%
Impose counter-tariffs • 25%
Negotiate a trade deal • 25%
Decrease • 25%
Increase • 25%
No decision • 25%
Maintain • 25%