After having a stellar start to the year, oil prices have slipped again as US President Donald Trump called on the world’s largest producers to lower prices. This makes next week’s meeting of the Organization of the Petroleum Exporting Countries’s Joint Ministerial Monitoring Committee all the more crucial.

U.S. President Donald Trump on Friday reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.

Crude oil futures rose as President Trump threatened tariffs on imports from Canada and Mexico, with uncertainty over how OPEC+ may respond to Trump's call for the group to reduce prices.