Sky News host Paul Murray says US President Donald Trump has done a deal with Saudi Arabia and with Russia to reduce the output of oil which is “good for the global economy and will be good for Australia”. Mr Murray said one of the reasons the stock market “sped as fast as it did” downwards, was because Saudi Arabia and Russia “refused to pull back on their oil supply”.
In good news though, it has been agreed by OPEC nations to reduce their oil supply by 9.7 million barrels per day for May and June.
“Decreasing the mount of oil helps energy companies around the world, and it will help stock markets around the world”.
Image: AP
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