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Will Washington continue to cut oil prices in cooperation with Riyadh?
15:56 - 27/11/2018
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ruled out economic expert on behalf of Jamil, Tuesday, the continuation of the United States to cut world oil prices in cooperation with Saudi Arabia in the coming period, attributing this to the US economy hit by 30% of the reduction of oil prices.
"The next few days will witness a relatively high global oil prices after falling to $ 57 because of the pumping of large quantities of Saudi oil to the markets in agreement with Washington," pointing out that "Washington is not ready to continue to reduce prices because its oil Rocky is losing 30% of its imports. "
He added that "oil will rise again during the next phase to maintain the US economy," noting that "the price reduction economic war against the United States rents, including Iraq."
Oil prices fell to their lowest level in more than a year during trading last week and are heading towards the biggest one-month drop since late 2014, while crude producers are considering cutting production in an effort to curb a growing surplus in world supply. End 25 T
ruled out economic expert on behalf of Jamil, Tuesday, the continuation of the United States to cut world oil prices in cooperation with Saudi Arabia in the coming period, attributing this to the US economy hit by 30% of the reduction of oil prices.
"The next few days will witness a relatively high global oil prices after falling to $ 57 because of the pumping of large quantities of Saudi oil to the markets in agreement with Washington," pointing out that "Washington is not ready to continue to reduce prices because its oil Rocky is losing 30% of its imports. "
He added that "oil will rise again during the next phase to maintain the US economy," noting that "the price reduction economic war against the United States rents, including Iraq."
Oil prices fell to their lowest level in more than a year during trading last week and are heading towards the biggest one-month drop since late 2014, while crude producers are considering cutting production in an effort to curb a growing surplus in world supply. End 25 T
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