Trump, Putin, Saudi Crown Prince Scramble to Fix Oil Markets – The Wall Street Journal

The leaders of Russia, Saudi Arabia and the U.S. every badly miscalculated the be troubled attributable to the give map in oil costs. Now they’re looking for to rescue their economies and stave off any political be troubled at needed moments for every.

The immense decline in oil costs—sparked by a Saudi-Russia feud and a attractive fall in attach apart a question to ensuing from the recent coronavirus pandemic—has hit all three of the males’s energy bases at a 2d when the worldwide response to the pandemic threatens to drag their economies into recession.

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