The Trader 

The hint of a lower oil price

The Trader

On Monday, the Kingdom of Saudi Arabia received a visit from UK foreign secretary Jeremy Hunt, reminding them they were still on the hook for the murder of Jamal Khashoggi; he also suggested it was time to end the war in Yemen. Whether as a gesture of goodwill, or in retaliation, Saudi energy minister Khalid al-Falih announced a 500,000 barrel per day cut in production – after the collapse in wholesale prices over the past six weeks, partly because of lighter sanctions on Iran exports.

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