Market
Will WTI oil prices fall below $70 per barrel by February 28, 2025?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Oil price data from financial markets, such as the New York Mercantile Exchange (NYMEX)
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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