Trump’s oil deal: The inside story of how the Saudi-Russia price war ended and why our gas prices are rising.

Trump’s oil deal: The inside story of how the Saudi-Russia price war ended
https://fortune.com/2020/04/14/trump-oil-deal-inside-story-saudi-arabia-russia-price-war-ended/
Trump spoke to both Putin and Saudi Crown Prince Mohammed bin Salman, commonly known as MBS, proposing a global deal to cut production. He couldn’t help boasting about the talks before the deal was in place, announcing in a tweet on April 2 that he hoped Riyadh and Moscow would cut output by 10 million barrels a day, if not more.

Brent crude jumped more than 45% in just a few seconds, crushing many bearish investors. Even when the market closed hours later, the benchmark was still up 21% -- the largest one-day increase ever.