Reported 2 days ago
Oil prices fell over 1% after U.S. President Trump urged OPEC to lower oil prices to weaken Russia's finances amid the ongoing Ukraine war. Brent crude dropped to $77.63 a barrel, while U.S. West Texas Intermediate fell to $73.77. Trump's call comes as he announced measures to boost U.S. oil production, further complicating the response from OPEC and its allies. Analysts noted that Western sanctions may not significantly impact Russian oil production but stress that risks in the market remain.
Source: YAHOO