Oil Holds Drop as Saudi Arabian Price Cut Amplifies Glut Concern

Oil Holds Drop as Saudi Arabian Price Cut Amplifies Glut Concern



Oil Holds Drop as Saudi Arabian Price Cut Amplifies Glut Concern
Oil held a drop on signs of growing global oversupply, with Saudi Arabia slashing prices of its main grade to Asia and maritime traffic through the Strait of Hormuz picking up.


www.bloomberg.com
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