[Regnum] Oil prices on international markets fell by an average of 1% on January 23 after US President Donald Trump's speech at the World Economic Forum in Davos.
As of 19:47 Moscow time, the price of March Brent crude futures fell by 0.91% to $78.28 per barrel. Prices for March WTI futures fell by 1.17% to $75.456.
At the same time, before the American leader’s speech, prices for both grades of oil fluctuated slightly.
As reported by Regnum News Agency, Trump, speaking via video link in Davos, said that he would ask the Organization of Petroleum Exporting Countries (OPEC) to lower oil prices. According to him, this would allegedly help end the conflict in Ukraine. He expressed dissatisfaction with the fact that prices had not been lowered earlier.
Trump also called the U.S. oil and gas reserves the largest in the world. He plans to use them to develop the economy, make the country a manufacturing superpower, and the “capital of the world” for artificial intelligence and cryptocurrency.
The Bloomberg agency, based on the Russian Ministry of Finance data for December 2024, stated that this month, the revenues of the Russian federal budget became the highest since January 2011, despite the new tightening of sanctions. According to the publication, one of the main sources of replenishment of the treasury were oil and gas revenues.
