U.S. President Donald Trump on Friday urged OPEC to lower oil prices as a way to bolster Russia’s finances and potentially end the ongoing war in Ukraine. Speaking in North Carolina after inspecting storm damage, Trump emphasized that “One way to stop it quickly is for OPEC to stop making so much money and drop the price of oil.” He added that this move could help end the conflict. The decision to cut prices would aim to reduce global energy costs and support an economy struggling with high energy bills.
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Source: https://www.reuters.com/business/energy/trump-once-again-calls-opec-drop-oil-prices-2025-01-24