Amman: Oil prices fell more than 1% today after US President Donald Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost US oil and gas output. Brent crude futures dropped 87 cents, or 1.11%, to $77.63 a barrel after settling up 21 cents on Friday. US West Texas Intermediate crude was at $73.77 a barrel, down 89 cents, or 1.19%.
According to Oman News Agency, Trump reiterated his call for the Organization of the Petroleum Exporting Countries to cut oil prices on Friday. However, OPEC and its allies, including Russia, have yet to respond to Trump's call. OPEC+ delegates have pointed to an existing plan to start raising oil output from April.
