Oil prices were little changed on Friday but headed for a weekly decline after U.S. President Donald Trump issued a sweeping plan to boost U.S. production and demanded OPEC lower crude prices. Brent crude futures were down 9 cents at $78.

Oil markets sank on Friday, a day after U.S. President Donald Trump pressured OPEC and its de facto leader Saudi Arabia to lower prices in a broad push to drive up crude production.

Brent crude futures were down 50 cents at $77.95 a barrel. West Texas Intermediate crude (WTI) fell 31 cents to $74.31 in the United States.

U.S. President Donald Trump on Thursday said he will demand Saudi Arabia and OPEC bring down the cost of oil and will ask Riyadh to increase a planned U.S. investment package to $1 trillion from an initial reported $600 billion.

The Global Cybersecurity Forum (GCF) and the World Economic Forum (WEF) announced the signing of an agreement to establish the Centre for Cyber Economics (CCE) in Riyadh, during the WEF Annual Meeting 2025 being held in Davos,

The oil-rich kingdom is still assessing whether to join the bloc, the economy minister has said Saudi Arabia is still evaluating potential

Syria's central bank has ordered commercial banks to freeze all accounts tied to people and companies linked to the ousted regime of former President Bashar

Oil markets took a sharp turn on Friday, as crude prices declined following U.S. President Donald Trump’s calls for the Organization of the Petroleum Exporting Countries (OPEC) and its de facto leader Saudi Arabia to cut oil prices.

Earlier on Thursday, the Saudi State news agency said the kingdom wants to put $600bln into expanded investment and trade with the U.S. over the next four years

Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike

DAVOS (Switzerland) - World Economic Forum annual meeting PICTURE. VIDEO. (To 24) DAVOS (Switzerland) - Special address at World Economic Forum by US President Donald Trump, via videoconference (1600 GMT) JERUSALEM - Truce in Israel-Hamas war VIDEO. LIVE VIDEO. PICTURE. (To March 20)

U.S. President Donald Trump has called on Saudi Arabia and OPEC to lower oil prices while encouraging Riyadh to increase its U.S. investment from $600 billion to $1 trillion. Trump's remarks were made following discussions with Saudi Crown Prince Mohammed bin Salman about future economic collaborations.