Oil edges lower as focus turns to OPEC response to Trump’s call for more output
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2025
0mins
Source: MarketWatch
Oil Futures Stability: Oil futures stabilized after hitting their lowest settlement of the year, as traders awaited an OPEC+ ministers' meeting regarding production levels.
Trump's Production Call: President Trump urged OPEC and Saudi Arabia to increase oil production to lower prices during a speech at the World Economic Forum, with OPEC+ members set to discuss this in an upcoming online meeting.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
