Oil-producing nations seek global deal to stabilize market

MOSCOW (AP) — Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude. They are seeking to limit a crash in prices that has pushed energy companies toward bankruptcy. Reports were circulating late Thursday that OPEC and Russia had reached a tentative deal to cut production by 10 million barrels per day for two months. President Donald Trump says he spoke with Russian President Vladimir Putin and King Salman of Saudi Arabia about the negotiations. He says they’re getting close to a deal.