Oil Surges as OPEC+ Prepares for Urgent Meeting on Monday - Bloomberg:
Oil advanced back above $31 a barrel in London, reversing earlier declines, as OPEC+ scheduled an urgent meeting next week after a historic slump in prices that has crippled the energy sector.
The coalition will hold a meeting by video conference on Monday, though it’s still not clear who will attend, according to delegates. News of the plan came just hours after U.S. President Donald Trump said he expected global producers including Saudi Arabia and Russia to cut more than 10 million barrels of production, triggering the biggest ever jump in prices on Thursday.
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