Oil on track for best day ever after Trump tells CNBC Saudis, Russia reach production cut agreement
Russia,Saudi Arabia,Donald Trump,Mohammed Bin Salman,Trade
From the Left
AllSides Media Bias Rating: Lean Left
Oil prices skyrocketed on Thursday after President Donald Trump told CNBC Saudis and Russia will ease pressure on oil, ending a price war that has contributed to crude’s massive plunge.
West Texas Intermediate crude futures surged 24.4%, or $4.99 to trade at $25.30 per barrel. Earlier in the session WTI traded as high as $27.39. International benchmark Brent crude jumped 22%, or $5.46, to trade at $30.21 per barrel.
Check for Bias
The AI-powered AllSides Bias Checker instantly reveals the bias of a news article. Tap the button to use.
AllSides Picks
Headline Roundup
US-Canada Tensions Rise Amid Brewing 'Trade War'
August 26th, 2026
Headline Roundup
X Says Chinese Bot Accounts Are Pushing Back Against Data Centers
August 30th, 2026
Headline Roundup
Trump Calls Venezuela Oil Agreement the 'Biggest Oil Deal in World History'
August 30th, 2026
Bias
Will Data Centers Create Blackouts? Examining Media Bias and Misinformation on The Tucker Carlson Show
Julie Mastrine
August 28th, 2026
More News about Trade
News from the Left
News from the Center
News from the Right
Canada just announced new tariffs on US goods. Here's how the growing trade war could hurt Americans
CNN Business
Trump fires back at Canada after Carney suspends trade talks, accuses US of last-minute 'power play'
Fox Business
