Trump Says Mohammed Bin Salman, Putin To Announce Giant Production Cut, Sparking Insane Oil Rally

April 2, 2020April 2, 2020

Donald Trump is determined to put the brakes on collapsing crude prices in a bid to bolster the US energy sector, some parts of which are facing an existential crisis. On Thursday morning, with crude already rising following reports that China is set to go on an opportunistic buying spree to bolster state stockpiles, CNBC reported that Trump expects Putin and Mohammed Bin Salman to announce a deal on a production cut. That deal, Trump apparently disclosed to CNBC before ultimately tweeting abo

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3 thoughts on “Trump Says Mohammed Bin Salman, Putin To Announce Giant Production Cut, Sparking Insane Oil Rally”

StefanoV

April 2, 2020 at 11:47 ams Reply

“funding secured”
calh0025

April 2, 2020 at 1:16 pms Reply

And if it goes to 35… US producers still get destroyed.
Anomalous

April 2, 2020 at 4:14 pms Reply

Be interesting to see who bought oil bigly last 2-3 days…