Stocks power after Trump says Russia, Saudis will cut oil output; crude soars
Russia,Saudi Arabia,Donald Trump,Mohammed Bin Salman,Trade
From the Center
AllSides Media Bias Rating: Center
Stocks pushed higher Thursday, buoyed after President Donald Trump said Saudi Arabia and Russia had agreed to curb oil production in order to stabilize prices, even after data showed U.S. weekly jobless claims soared to a record.
On Wednesday equities fell sharply to begin the second quarter as investors weighed the start of an onslaught of bad news on the public health front and the economy against hoped-for stimulus as a result of the global COVID-19 pandemic.
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
Canada's Retaliatory Tariffs Take Effect, Trump Retaliates With 50% Tariff, Targeted Import Ban
September 9th, 2026
.png.webp)
The Insight
The Insight: How Much Are Trade Battles Costing You?
AllSides Staff
September 11th, 2026
Announcement
Everything You Need to Research Your 2026 Ballot, All in One Place
AllSides Staff
September 14th, 2026
Recommended Reading
When a Convention Vanishes Without a Trace
Dan Schnur
September 14th, 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
