Oil slides as Saudi price cuts counter Middle East worries

Capt. John

Oil prices fell by more than 2% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply concerns generated by escalating geopolitical tension in the Middle East. Brent crude slid 2.2%, or $1.74, to $77.02 a barrel by 1024 GMT while U.S. West Texas...

https://www.hellenicshippingnews.com/oil-slides-as-saudi-price-cuts-counter-middle-east-worries/

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