By Newsbase 'Right now the price is high enough that that war will continue,' Trump said at Davos. WHAT: Trump is seeking OPEC support to bring down oil prices. WHY: The US President said lower oil prices would bring about a faster end to Russia’s war in Ukraine.

"You've got to bring down the oil price, you've got to end that war. They should have done it long ago," President Donald Trump said.

Oil prices have declined after US President Donald Trump called on OPEC to lower prices. The statement followed the announcement of large-scale measures to increase US oil and gas production during his first week in office,

U.S. President Donald Trump on Thursday proved that words can be just as powerful as actions — at least temporarily — after his promise to ask the Saudis and OPEC to lower the cost of oil led to a downturn in crude prices.

Just one week into his presidency, U.S. President Donald Trump has hinted at his approach to U.S. sanctions on Russia. First, Trump is no stranger to using sanctions and other coercive economic tools.

US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.

The president's remarks follow an announcement by Saudi Arabia's Crown Prince that the kingdom will invest $600 billion in the US.

For those with a vested interest in Ukraine, U.S. President Donald Trump's first week in office was a bit of a rollercoaster. During his first presidential term, Trump famously praised Russian President Vladimir Putin.

Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can avoid the tariffs if they act swiftly to close their borders to fentanyl, while vowing to slow China's advancement in artificial intelligence.

The OPEC+ group of leading oil producers is set to discuss President Donald Trump's efforts to raise U.S. oil production and take a joint stance on the matter, Kazakhstan said on Wednesday.