Trump is pressuring Saudi Arabia and other OPEC members to expand oil production in order to lower prices. TD Securities' Bart Melek discusses why prices are likely to climb despite this.

President Donald Trump said Thursday that he would call on Saudi Arabia and OPEC to lower oil prices, claiming that the war in Ukraine would end if prices dropped. “I am also going to ask Saudi Arabia and OPEC to bring down the cost of oil,

"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.