Oil prices experienced a decline on Monday, after US President Donald Trump’s public call for OPEC to lower prices. This statement from Trump followed the announcement of extensive measures to increase US oil and gas production.

US President Donald Trump has reiterated calls for Opec to cut oil prices, linking higher prices to a prolongation of the war in Ukraine. Speaking to reporters after arriving in North Carolina to inspect flood damage from Hurricane Helene on Friday, Trump said that his administration wanted the producer group to “get on the ball” and cut prices.

Oil prices fell over 1% on Monday after U.S. President Donald Trump urged OPEC to reduce oil prices to pressure Russia amid the ongoing Ukraine war. Brent crude dropped 1.11% to $77.63 a barrel, while U.

Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.

Oil prices retreated on Monday after the U.S. pulled back from initial sanctions threats against Colombia, reducing immediate concern over oil supply disruptions, though U.S. President Donald Trump's muscle-flexing is keeping markets twitchy.