Russia’s Novak: Escalation of Israel-Palestinian conflict may affect oil market

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Russia’s Novak: Escalation of Israel-Palestinian conflict may affect oil market
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Ahead of the meeting with Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman later on Wednesday, Russian Deputy Prime Minister Alexander Novak

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said that “Russia and Saudi Arabia will discuss oil market situation and oil prices,” TASS news agency reported.

Novak said that “the escalation of the Israel-Palestinian conflict may affect the oil market.” Market reaction WTI is catching a fresh bid in immediate reaction to the above comments, challenging daily highs at $84.90, up 0.38% on the day.

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