Why Trump is Pushing for Higher Oil Prices [The New York Times]
JP Morgan Chase & Co. (JPM)
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Source: The New York Times
DealBook|Why Trump is Pushing for Higher Oil Priceshttps://nyti.ms/3cd8c9BThe Coronavirus Outbreakdebugid:204Guide to Financial mentContinue reading the main storyDealBook Business and PolicySupported byDealBook An oil worker at Mexico’s state-owned oil company inspecting a platform.Credit...Andrew WinningApril 13, Updated8:53 a.m. ETStarting tomorrow, we will be holding a special call every Tuesday for entrepreneurs and other business leaders about the day-to-day challenges of running a business during the pandemic. The DealBook line will feature experts from a variety of fields to answer your most pressing questions.Sign up here for the April 13 call, at 11 a.m. Eastern. (Want this in your inbox each morning?.)“Historic yet insufficient”Major oil-producing nations agreed yesterday tocut output nearly 10 million barrels per dayAn unusually broad coalition came togetherMr. Trump tweeted As Bloombergput itPrices barely budged.Demand has fallen faster than the proposed cuts
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