Saudi demand optimism lifts oil prices
New York (UPI) Apr 9, 2015 - Prospects for a brief slowdown in U.S. oil production and demand expectations from Saudi Arabia gave oil prices a major lift in Thursday trading. Ibrahim al-Muhanna, an adviser to the Saudi Petroleum Ministry, said before the Saudi Economic Association in Riyadh the bear market for crude oil was an unnatural and temporary market phenomenon given growth expectations in a recovering globa ... more
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