Oil trends lower as Trump’s return triggers caution

US President calls on Opec to lower crude prices and commits to sending LNG to Europe

US President Donald Trump is seen on a giant screen during his address by video conference at the World Economic Forum (WEF) annual meeting in Davos on 23 January.
US President Donald Trump is seen on a giant screen during his address by video conference at the World Economic Forum (WEF) annual meeting in Davos on 23 January.Photo: AFP/SCANPIX
Published 24 January 2025, 14:58Updated 24 January 2025, 16:00
United StatesDonald TrumpTrump InaugurationAmericasNorth America