Trump Says World’s Biggest Oil Producers to Meet on Market Crash

  • U.S. president said he’s spoken with Russian, Saudi leaders
  • Saudi Arabia moves forward with plan to flood market in April
Morgan Stanley Oil Strategist Says Prices May Need to Fall Below $10
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President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of stanching an historic plunge in oil prices.

Trump, speaking at the White House Tuesday, said he’s raised the issue in conversations with Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman. “They’re going to get together and we’re all going to get together and we’re going to see what we can do,” he said. “The two countries are discussing it. And I am joining at the appropriate time, if need be.”