Trump’s Meeting With Drillers Couldn’t Give Oil Futures a Boost
- Trump to meet with leaders of Exxon Mobil, Chevron, Occidental
- U.S. crude stockpile gain fails to keep WTI below $20 a barrel
This article is for subscribers only.
Oil touched session highs then sold off abruptly in the final half hour before settlement on Wednesday after news that President Trump is set to meet with top executives at the nation’s largest oil companies to discuss measures to help the industry.
The meeting, set for Friday, comes after a flurry of U.S.-driven diplomacy, with Trump speaking with both Russia and Saudi leaders to broker a deal, though the former OPEC+ allies have no plans to speak to each other, the Kremlin said.