Addressing the World Economic Forum being held at Davos virtually, Donald Trump said he was surprised that it did not happen before his election.

Trump said he planned to ask the oil cartel to lower prices, which he said would lead to a swift end to Russia's war in Ukraine.

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.

US President Donald Trump said the russia-Ukraine war would "end immediately" if oil prices fell.His words were quoted by The Guardian on Thursday, January

"You've got to bring down the oil price, you've got to end that war. They should have done it long ago," President Donald Trump said.

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

In fact, the Saudi Press Agency’s announcement that the kingdom would invest $600bn was based on the royal palace’s readout of a Wednesday phone call between Trump and Saudi Crown Prince Mohammed bin Salman. This is Trump’s first phone call with a foreign leader since his inauguration earlier this week.

President Donald Trump called on the Organization of the Petroleum Exporting Countries to lower oil prices during the World Economic Forum on Thursday, saying it would immediately end the war in Ukraine.

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

President Trump said he wants OPEC and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.

Trump also said he wanted to meet Russian President Vladimir Putin soon to secure an end to the almost three-year-old war with Ukraine

Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into expanded investment and trade with the United States over the next four years, the Saudi State news agency said early on Thursday.