The oil price is lower following President Trump’s comments on oil President Donald Trump has said he will ask Saudi Arabia and other Opec nations to “bring down the cost of oil” and doubled-down on his threat to use tariffs. In a speech to executives at the World Economic Forum in Davos on Thursday, the US president said he was ‘surprised’ that Opec hadn’t brought down the price of oil before the elections. “Right now the price is high enough that that war will continue,” he said, referring to the Russia-Ukraine war and suggesting that the higher oil price was helping to sustain funding for the conflict in Moscow. “You gotta bring down the oil price, that will end that war. You could end that war,” he added The president’s comments on the oil price came after he spoke to Saudi Crown Prince Mohammed bin Salman on Wednesday. According to Saudi state media Bin Salman pledged to invest as much as $600bn in the US over the next four years. However, this figure was not mentioned in the White House statement after the call. Despite the cordial exchange, Trump said he would be asking “the Crown Prince, who’s a fantastic guy, […]