You are here

COMMODITIES

Saudi Arabia says ultra-low oil prices 'irrational'

1.jpg
The world's biggest oil exporter Saudi Arabia declared this week that ultra-low oil prices were "irrational" as crude hit new 12-year lows under US$27 on the global supply glut.

London

THE world's biggest oil exporter Saudi Arabia declared this week that ultra-low oil prices were "irrational" as crude hit new 12-year lows under US$27 on the global supply glut.

The market's dramatic slump culminated on Wednesday with New York crude collapsing to US$26.19

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom