>>Oil, Stocks Soar After Trump Says He Expects Oil Production Cut; **Russia/Saudis Deny** Update (1300ET): As Bloomberg adds despite the triumphant tone of Trump’s tweets, Saudi Arabia and Russia have yet to agree to the size of any production cut, according to an OPEC+ delegate familiar with the conversations. Any curbs will be conditional on every major oil producer also agreeing to reduce production, the person said, asking not to be named discussing diplomatic conversations. Saudi Arabia wants countries that aren’t part of the OPEC+ alliance to join in any future pro-rationing. Although Riyadh hasn’t drawn up a formal list, in the past OPEC+ had invited big American oil producers, Brazil and Canada to its meetings. Both Canada and Brazil have previously declined. OPEC had also invited the Texas Railroad Commission, which regulates the oil industry in the state, to participate in its meetings https://www.zerohedge.com/energy/oil-spikes-after-reports-trump-expects-proiduction-cut-15mm-barrels lol what a shitshow