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Oil surges after Saudi Arabia raises prices to boost market

Posted on Author c4bn Comments Off on Oil surges after Saudi Arabia raises prices to boost market

..For first time since price war


The price of Brent crude soared Thursday after Saudi Arabia stepped in to prop up the recovery in the energy market by raising crude prices for its customers worldwide. Saudi Aramco increased pricing for most of its grades for shipment in June. Few weeks after launching an unprecedented price war that crashed oil price, Saudi…
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