Back to today’s briefing

Story perspectives

Trump's Return Sparks Oil Market Turbulence and Calls for Lower Prices

4/24/2025

50 11

Summary

Story summary

President Trump's return has heightened financial market volatility, impacting oil prices.
He calls for lower oil prices to aid consumers and urges OPEC to take action.
Current Brent prices hover around the mid-$60s, with oil demand growth projections reduced to 700,000 bpd.
OPEC+ aims for compliance to stabilize the market amid US tariffs affecting prices.
The US EIA predicts crude oil production will peak at 14 million bpd by 2027.

1 of 1

Story summary

President Trump's return has heightened financial market volatility, impacting oil prices.
He calls for lower oil prices to aid consumers and urges OPEC to take action.
Current Brent prices hover around the mid-$60s, with oil demand growth projections reduced to 700,000 bpd.
OPEC+ aims for compliance to stabilize the market amid US tariffs affecting prices.
The US EIA predicts crude oil production will peak at 14 million bpd by 2027.