Potential oil deal between Saudi Arabia and Russia could lift gloom over U.S. energy sector
Oil prices jumped on Thursday on reports that Saudi Arabia and Russia have reached a deal on production cuts at an emergency meeting between the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+. , which has destabilized the global oil market. After Thursday's emergency virtual teleconference between OPEC+ members, President Donald Trump has frequently celebrated and called for low oil prices. However, in recent weeks, he has begun to acknowledge the problems facing the U.S. oil industry. Before the ...
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