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6 Questions About Trump’s Oil Deal Announcement With Russia And Saudi Arabia

On Thursday Morning, President Trump announced that he spoke with the Saudis who spoke with the Russians, and that they planned to cut at least 10 million barrels of oil production. This is a huge cut, but it may be needed at a time when we have oil prices at lows not seen since the start of the century and a record drop in demand due to the coronavirus outbreak. Oil prices jumped by 35% as the news broke. Still, there are many questions left unanswered.

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