Oil falls as Saudi Arabia cuts selling prices
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil is weakening this morning after Saudi Arabia…
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Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Oil is weakening this morning after Saudi Arabia…
International Business News: Oil prices fell over 2% due to Saudi Arabia's price cuts and rising OPEC output. Geopolitical tension in the Middle East raised supply concerns. Brent
Saudi Arabia has reduced the price of its crude oil for February delivery for all buyers rather than just Asian ones as it has done before.
* S&P 500, Nasdaq higher in early trading; Dow lower * Oil prices down sharply * Inflation data looms from U.S., China and...
Oil takes a beating after Saudi Arabia lowers Arab Light prices to 27-month low, down $3.60