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Will continue to work with all main producers to limit volatility – Saudi Cabinet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Reuters reporting the headlines from the Saudi cabinet on oil markets:

    Kingdom seeks oil market stability

    Welcomes any cooperation and is committed to supply a big part of the oil demand based on a commercial basis

    Will invest to keep spare oil capacity to help meet extra demand or deal with supply distribution

    Will continue to work with all main producers to limit volatility

    Meanwhile, both crude benchmarks remain modestly flat and largely unperturbed by Saudi’s comments.
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