Saudi Strategy Upends Oil Prices
Global oil prices dropped sharply on Monday, largely due to Saudi Arabia’s decision to slash oil prices for some countries. Saudi Aramco, the state oil firm, significantly impacted market trends, overshadowing earlier geopolitical tensions. West Texas Intermediate (WTI) crude for February 2024 fell by 4.12% on the New York Mercantile Exchange, closing at $70.77 per […]