Oil holds gains as Texas supports Trump-led output proposal

Friday, oil holds its gains after US President Donald Trump stepped into the price war between Saudi Arabia and Russia. In Texas, the main oil regulator proposed the state could coordinate the oil cuts with the feuding producers .

By Sharon Cho and Alex Longley, Bloomberg

Oil held gains as US President Donald Trump waded into the price war between Saudi Arabia and Russia, while a Texas regulator proposed his state could coordinate output cuts with the feuding producers.

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