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Oil Rallies 10% After Trump Says He Expects Saudi Arabia-Russia Feud To End Soon
Thursday, 2 April 2020 19:26 WIB | COMMODITY |MinyakWTIBrent

Oil prices rallied on Thursday after President Donald Trump talked up the possibility of Saudi Arabia and Russia ending a squabble that contributed to crude™s massive plunge since last month.

West Texas Intermediate futures surged by $2.11, or 10.4%, to $22.42 per barrel. International benchmark Brent jumped 10.4%, or $2.58, to $27.32 per barrel.

Trump added he expects both countries to end their price war within a œfew days. Trump made his remarks ahead of a meeting with energy industry executives scheduled for Friday.

Source : CNBC

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