US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.

During his Friday in North Carolina speech, U.S. President Donald Trump stated that lowering oil prices by OPEC could lead to the immediate end of the conflict in Ukraine. The American leader presented his vision for resolving the international crisis.

The president's remarks follow an announcement by Saudi Arabia's Crown Prince that the kingdom will invest $600 billion in the US.

During a speech to the World Economic Forum on Thursday, President Donald Trump pressured the Saudi Crown Prince to increase his planned $600 billion investment in the U.S. "to a round $1 trillion" and to lower the global price of oil.

President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at the central bank.

Any conversation between the two would mark the first time a sitting U.S. president and Putin have spoken since the war in Ukraine began, although former President Joe Biden held phone calls with Putin multiple times in the leadup to Moscow's invasion to urge Putin against it.

Brent crude futures were up 32 cents at $78.61 a barrel at 1011 GMT, while U.S. West Texas Intermediate crude was 31 cents higher at $74.93

U.S. President Donald Trump on Thursday said he will demand Saudi Arabia and OPEC bring down the cost of oil and will ask Riyadh to increase a planned U.S. investment package to $1 trillion from an initial reported $600 billion.

U.S. President Donald Trump demanded OPEC lower oil prices and the world drop interest rates in a speech to global business and political leaders and warned them they will face tariffs if they make their products anywhere but the U.

President Donald Trump is emphasizing that targeting Russia's oil revenue is the best way to get Moscow to end its nearly three-year war against Ukraine.

Donald Trump scored a big win in Washington and visited North Carolina, California and Nevada on first trip since beginning his second term.