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- Saudi Arabia cut the price of oil to Asian customers to a 4 months low
Saudi Arabia cut the price of oil to Asian customers to a 4 months low
This morning it was announced that the oil giant Saudi Arabia has decided to reduce the price of January contracts of its oil at $ 1.20 a barrel to its lowest level in four months. Therefore, the company is taking steps to preserve its market share. Recall that the December Aramco contracts were $ 0.75 per barrel.
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