Oil prices rebound more than 6% in Asian trade
Saudi Arabia has driven through massive oil price cuts in a bid to win market share, triggering a price war with Russia. – AFP pic, March 10, 2020.
OIL prices surged more than 6% in Asian trade today following heavy losses yesterday after top exporter Saudi Arabia began a price war with Russia. West Texas Intermediate was trading up 6.1% at more than US$33 a barrel, while Brent crude advanced 6.6% to more than US$36 a barrel. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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