Following a rally early on Friday supported by U.S. President Donald Trump suggesting he could intervene in the ongoing Saudi-Russia oil price war and by a flow of stimulus from governments to support their economies stricken by the coronavirus pandemic, oil prices resumed their slump on Friday. At 8:23 a.m. EDT on Friday, WTI Crude was rising 2.97 percent at $26.62, and Brent Crude was up 3.40 percent on the day at $31.25. But by 11:00am, WTI had sank to $25.02, with Brent falling to $30.13. Oil prices were set for a weekly drop of more than 10 percent for the fourth weekly decline in a row. After a panic-driven bloodbath on the markets on Monday, Tuesday, and Wednesday, oil prices staged a relief rally on Thursday, which extended into Friday’s trading after President Trump said on Thursday that “at the appropriate time, I’ll get involved” in the Saudi […]