Oil prices settled slightly higher on Friday but posted a weekly decline, ending four straight weeks of gains, after U.S. President Donald Trump announced sweeping plans to boost domestic production while demanding that OPEC move to lower crude prices.

In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.

The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction

Major stock averages lost ground during Friday's seesaw action, but headed for weekly advances as the so-called Trump trade and strong earnings helped the benchmark S&P 500 (SP500) hit record highs. Stock losses picked up during afternoon trade,

Donald Trump has raised the pressure on Federal Reserve chair Jay Powell to cut borrowing costs, setting up a potential clash between the two men less than a week before the US central bank meets to set interest rates.

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Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by

In President Trump’s first week in office, he issued a blitz of executive orders, but perhaps his most ambitious statement to date is his claim yesterday that he would order the Federal Reserve to cut interest rates.

Markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the

Despite a quiet end to the week, equities are poised for strong bullish closes.

Arguing that Saudi Arabia and OPEC should take steps to lower oil prices, Trump added, “With oil prices going down, I'll demand that interest rates drop immediately.”Start the day smarter. Get all the news you need in your inbox each morning.