Oil turns lower as traders assess Trump tariff threats, efforts to lower crude prices
Oil futures turned lower Thursday after President Donald Trump said he would ask Saudi Arabia and OPEC to lower oil prices, implying that he would pressure major oil producers to boost output.
Trump Says He’ll Demand Interest Rates Drop, Urges OPEC to Cut Oil Prices in Davos Speech
He is scheduled to join a dialogue with WEF founder Klaus Schwab and WEF President and CEO Borge Brende via a live video link.