Saudi's Falih confident oil cuts will continue to stabilize market - RTRS

Haresh Menghani FXStreet

According to Reuters, Saudi Arabia’s Energy Minister Khalid al-Falih, while speaking at an industry conference in Riyadh this Wednesday, said that cooperation between the Organization of the Petroleum Exporting Countries (OPEC)and its non-OPEC allies will continue to stabilize oil markets.

Meanwhile, WTI crude oil failed to gain any respite and held weaker below the $59.00/barrel mark, with a loss of around 0.5% for the day.

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Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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