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Mixed day for global stocks as Saudi announcement lifts oil prices | The Malaysian Insight

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Mixed day for global stocks as Saudi announcement lifts oil prices

OIL prices advanced yesterday after key producer Saudi Arabia slashed output by a million barrels in a bid to prop up prices, while Wall Street stocks retreated from multi-month peaks.

After an initial surge on the Saudi announcement, crude prices moderated somewhat as the day progressed. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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