Trump Urges OPEC and Saudi Arabia to Lower Oil Prices at Davos, Seeks $1 Trillion Investment from Mohammed bin Salman

Jan 23, 2025, 04:19 PM

At the World Economic Forum in Davos, President Donald Trump announced his intention to urge Saudi Arabia and OPEC to lower oil prices. He stated that a reduction in oil prices could immediately end the war in Ukraine, attributing the continuation of the conflict to high oil prices. Trump also mentioned plans to ask Saudi Crown Prince Mohammed bin Salman to increase investments in the U.S. to $1 trillion, up from the previously committed $600 billion. His comments led to an immediate drop in oil prices, with WTI falling to a session low.