Oil

Tech stocks led a turnaround for the Nasdaq on Monday.

The world's largest oil producers agreed to a historic production cut of almost 10 million barrels per day.

WTI crude oil fell after the historic agreement.

Energy Secretary Dan Brouillette touted increased American energy independence amid the falling oil prices in an interview with FOX Business' Stuart Varney.

Gas prices have dropped 52 cents over the past seven weeks

OPEC, Russia and other oil-producing nations agreed on Sunday to cut output by a record amount, representing around 10% of global supply, to support oil prices amid the coronavirus pandemic.

The apparent end to Mexico’s standoff would potentially cement a deal between OPEC producers and their allies that would reduce global crude oil output by 10 million barrels a day until July.

On the call, the second in two days, Trump talked about the contacts he's had with leaders of a number of oil-producing countries.