Oil Prices Rise as Saudi Looks to Cut Ex­ports

The Economic Times - - Finance & Commodities -

Oil prices rose on Thurs­day, lifted by a sus­tained de­cline in in­ven­to­ries and as Saudi Ara­bia pre­pared to cut crude sup­plies to its prized Asian cus­tomers. Brent crude fu­tures were up 29 cents at $52.99 a bar­rel by 0855 GMT, while US WTI crude was up 17 cents at $49.73.

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