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The visit marked the 40th anniversary of diplomatic relations established on September 26, 1985

Trump will address Ukraine and Gaza conflicts during his visit to Saudi Arabia, a key U.S. ally

Trump criticized Fed Chair Powell, warning the U.S. economy could slow without immediate rate cuts

Deal will target investments in technology, healthcare, minerals, and other sectors of mutual interest

U.S. West Texas Intermediate crude fell by 16 cents, also down 0.3 percent, to $61.17

The May hike is the next increment of the plan to gradually unwind the most recent output cut of 2.2 million bpd

Traders raised oil's risk premium, anticipating supply disruptions from Trump's actions and policies

Trump also plans to visit Qatar and the UAE during this trip

Tariffs that increase vehicle prices may suppress auto sales and, consequently, the demand for oil products

American Petroleum Institute data showed that U.S. crude inventories fell by 4.6 million barrels last week

U.S. dollar gained 0.13 percent to 104.32, making bullion less attractive for other currency holders

OPEC+ ready to move forward with scheduled output increase in May