Oil lower as traders focus on Saudi pledge to play ‘responsible role’ in market

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Oil futures fall Tuesday, with traders focusing on Saudi Arabia’s pledge to play a “responsible role” in energy markets despite international criticism over the killing of dissident journalist Jamal Khashoggi.

 

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A journalist is horrendously murdered, & the responsible govt decides to lower market prices by increasing output in order to buy better headlines & foreign support from businesses & govts; they love lower prices, as it is immediately improves their bottomline.

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Source: Reuters - 🏆 2. / 97 Read more »