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Oil prices pressured by economic slowdown, but Saudi commitment to supply cuts supports

Oil prices pressured by economic slowdown, but Saudi commitment to supply cuts supports

Oil prices were pres­sured on Tues­day by an eco­nom­ic slow­down that has start­ed to impact fuel con­sump­tion, although some sup­port came from a Sau­di Ara­bi­an state­ment that con­sen­sus was emerg­ing with oth­er pro­duc­ers over extend­ing sup­ply cuts.
Source: CNBC RSS

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