Trump aims to ease U.S. oil industry’s cash crunch, no plan to trim output – sources

By Laila Kearney (Reuters) - U.S. President Donald Trump has directed his cabinet to find ways to ease a cash crunch in the drilling industry after oil company executives told him in a Friday meeting it was among their top concerns, according to three sources briefed on the matter. Trump hosted the White House meeting with executives from Exxon Mobil, Chevron Corp, Continental Resources and others as his government seeks to contain the fallout from an historic slump in oil prices that has threatened the industry with bankruptcies and layoffs

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