Crude is showing signs of life.
All after President Trump said he expects for the Saudi Arabia and Russia feud to end soon. “Worldwide, the oil industry has been ravaged,” Trump said, as quoted by CNBC. “It’s very bad for Russia, it’s very bad for Saudi Arabia. I mean, it’s very bad for both. I think they’re going to make a deal.”
However, a good deal of damage has been done.
And until we hear from the Saudis or Russia, the feud will persist. Worse, the world is running out of places ...
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