Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.

U.S. President Donald Trump on Thursday proved that words can be just as powerful as actions — at least temporarily — after his promise to ask the Saudis and OPEC to lower the cost of oil led to a downturn in crude prices.

President Trump told attendees at Davos that he’ll demand interest rates drop “immediately” and that he’ll ask Saudi Arabia and OPEC to cut the price of oil.“If the price came down, the Russia-Ukraine war would end immediately,