OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, officials said. The agreement is aimed at boosting crashing oil prices amid the coronavirus pandemic and a price war, yet oil prices were little changed on Monday. “This could be the largest reduction in production from OPEC for perhaps a decade, maybe longer,” said U.S. Energy Secretary Dan Brouillette, who credited President Donald Trump’s personal involvement in getting dueling parties to the table and helping to end a price war between Saudi Arabia and Russia. Coronavirus fears and oil price war wreak havoc on stocks “This is a critically-needed relief in the face of declines in crude demand,” said Roger Diwan, vice president financial services at oil researcher and data provider IHS Markit. “The direct involvement of President Trump to forge this historical deal is the most unusual aspect of it and reflects his visible concern for U.S. shale producers.” A number of analysts noted that it was the first time in memory that a U.S. president had pushed for higher oil prices. That would help the U.S. frackers and other oil producers. But it could


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