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HomeForex NewsSaudi cabinet affirms support for OPEC+ precautionary efforts

Saudi cabinet affirms support for OPEC+ precautionary efforts

The Saudi cabinet says the Kingdom will continue boosting OPEC+ precautionary efforts to support stability in oil markets.

WTI fell as much as $2 today and touched $79.90 but has bounced slightly to $80.36. There are concerns about Chinese demand due to today’s poor trade data and ongoing signs of economic weakness.

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