Oil Prices Headed For Weekly Loss Despite Saudi Arabia’s Production Cut

Oil Prices Headed For Weekly Loss Despite Saudi Arabia’s Production Cut

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Crude oil was heading for the second week of losses in a row despite the additional production cut Saudi Arabia announced at last Sunday’s OPEC+ meeting. In morning trade in Asia today, Brent crude was changing hands for less than $76 per barrel and West Texas Intermediate was trading at below…

#saudiarabia #federalreserve #energyaspects #opec #brazil #iran

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