Saudi energy minister says oil supply cuts are not about 'jacking up prices,' as Brent hovers at $95 a barrel

Saudi energy minister says oil supply cuts are not about 'jacking up prices,' as Brent hovers at $95 a barrel

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Saudi Arabia's energy minister said Riyadh and Moscow's decision to extend crude oil supply cuts is not about "jacking up prices," as Brent futures hover near $95 a barrel and analysts predict further rises into triple digits. "We can reduce more, or we can increase, that has been a subject that…

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