“Trump should join new OPEC deal” | Financial

There would already be a deal on the table between the ruffs Saudi Aabia and Russia who have been in conflict for some time to start cutting oil production.

Today, the oil price fell sharply to below $ 27 a barrel after a scheduled meeting of OPEC oil cartel was postponed. A video conference of OPEC members has now been recorded for Thursday.

Oil prices have spiraled downward in recent weeks as Russia and Saudi Arabia started a price war last month and fears of a sharp decline in oil demand from the coronavirus continued to mount. The WTI price even went below $ 20 a barrel

US President Trump announced last week that both oil superpowers would quickly reach an agreement to limit oil production.

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