Oil Prices Jump Following Surprise Production Cut

A.M. Edition for April 3. Crude-oil prices surged this morning after a Saudi-led group of producers said new output cuts would kick in next month. WSJ markets reporter Joe Wallace says the move will frustrate U.S. efforts to reduce Russia’s oil revenue. Plus, the World Bank warns of a ‘lost decade’ of global economic growth. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices