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Oil posts biggest one-day gains after Trump touts Saudi-Russia oil deal

Reuters India Thursday, 2 April 2020
Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.
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News video: Oil soars after Trump claims Saudi-Russia deal

Oil soars after Trump claims Saudi-Russia deal 01:42

Oil prices skyrocketed Thursday after President Trump said Saudi Arabia and Russia will announce a deal to cut global production that could reverse a crash in prices. Conway G. Gittens has more.

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