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...
By Kanoko Matsuyama · Bloomberg Markets
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.