Crude oil prices climb following statement from Saudi government
The price of U.S. crude oil climbed back above $42 per barrel on Monday morning after the Saudi Arabian government expressed a willingness to work with other countries to stabilize prices, Reuters reports.
The news service reports that the price of West Texas Intermediate were at $42.18 at 1230 GMT, while Brent crude, the international benchmark was at $45.33.
The price of U.S. crude oil climbed back above $42 per barrel on Monday morning after the Saudi Arabian government expressed a willingness to work with other countries to stabilize prices, Reuters reports.
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The news service reports that the price of West Texas Intermediate were at $42.18 at 1230 GMT, while Brent crude, the international benchmark was at $45.33.
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