Aramco faces tough test less than a month after IPO

Duba: Saudi Aramco’s status as an oil-producing behemoth located in one of the world’s most turbulent regions always marked it as likely to suffer bouts of volatility. But few could have expected the stock to face so stern a test less than a month after the company’s historic $25.6 billion initial offering. The world’s most profitable company extended declines Monday after dropping to its lowest closing price yet a day earlier, as the U.S. killing of Iran’s most prominent general last week triggered fresh concern of a wider conflict in the Gulf region. The move suggests that rising oil prices -...