Oil prices down after Trump’s speech


Vishala Sri-Pathma
Business reporter

KONSTRUCT

Oil prices have fallen after US President Donald Trump’s speech at Davos, where he said he will ask Saudi Arabia and OPEC to cut prices.

“Right now the price is high enough that that war will continue,” he said, referring to the Ukraine-Russia war.

US 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 during the day’s session before President Trump began speaking.

BBC

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