# Oil Declines After Trump Says He’ll Push OPEC to Lower Prices

> Oil fell on February 1 after Trump said he would push Saudi Arabia and OPEC to lower crude prices. WTI slid 1.1% to settle below $75 a barrel.

- Date: 2025-02-01 · published 2025-02-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/26674-oil-declines-after-trump-says-he-ll-push-opec-to-lower-prices
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Official pressure on OPEC to cut prices lowers expected energy costs for feed production. Whether the price drop holds depends on OPEC+ action.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-02-01 | [Oil turns lower after Trump says he'll ask Saudi Arabia and OPEC to bring the price down](https://feedsoft.ai/events/26675-oil-turns-lower-after-trump-says-he-ll-ask-saudi-arabia-and-opec-to-bring-the.md) | -2.1% | -5.8% |
| WTI | 2025-01-26 | [Oil Drops As Trump Urges OPEC To Cut Prices](https://feedsoft.ai/events/26667-oil-drops-as-trump-urges-opec-to-cut-prices.md) | -2.8% | -5.2% |
| WTI | 2025-04-07 | [Palm and Soy Oil Prices Drop as Oil Prices Decline](https://feedsoft.ai/events/9631-palm-and-soy-oil-prices-drop-as-oil-prices-decline.md) | -0.8% | -6.8% |
| WTI | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -5.0% | -5.3% |
| WTI | 2016-12-23 | [C$ hits a 5-week low on soft data, lower oil prices](https://feedsoft.ai/events/73697-c-hits-a-5-week-low-on-soft-data-lower-oil-prices.md) | +2.8% | +0.7% |
| BRENT | 2025-02-01 | [Oil turns lower after Trump says he'll ask Saudi Arabia and OPEC to bring the price down](https://feedsoft.ai/events/26675-oil-turns-lower-after-trump-says-he-ll-ask-saudi-arabia-and-opec-to-bring-the.md) | -2.9% | -3.9% |
| BRENT | 2025-01-26 | [Oil Drops As Trump Urges OPEC To Cut Prices](https://feedsoft.ai/events/26667-oil-drops-as-trump-urges-opec-to-cut-prices.md) | -2.1% | -5.0% |
| BRENT | 2025-04-07 | [Palm and Soy Oil Prices Drop as Oil Prices Decline](https://feedsoft.ai/events/9631-palm-and-soy-oil-prices-drop-as-oil-prices-decline.md) | -1.7% | -9.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2025-01-22/latest-oil-market-news-and-analysis-for-january-23

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.