Crude futures were headed for weekly declines after President Trump outlined plans to boost domestic production and said he will ask Saudi Arabia and OPEC to lower oil prices.
Donald Trump, in a video address at the WEF, urged global companies to manufacture in the US or face tariffs, while linking oil prices to the Ukraine war and calling for lower interest rates.
At the World Economic Forum, Trump promises tax cuts for U.S. manufacturing and threatens tariffs. Explore his economic strategy and global implications.