Forex–But The Saudis Say they Want Cheap Oil
August 23, 2008
Didn’t that Saudi Sheik holding Bush’s hand say they wanted cheaper oil?
OIL cartel Opec is expected to reduce supplies next month following a sharp fall in crude prices on Friday.
The value of US crude fell 5.5% to $114.59 a barrel – the biggest drop in percentage terms in one day since December 2004. In London, Brent crude dropped $6.24 to $113.92 a barrel. Read more here.
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