Saudis raises prices to Asia after surprise solo-output cut
Gold rises as Fed hike odds edge lower after soft ISM services report
SEC goes after Binance and CZ
Oil
The Saudis are going at it alone in doing whatever it takes to stabilize oil prices. The Saudi problem is that energy traders aren’t believing the kingdom has enough power to sway all OPEC+ to deliver meaningful action. The Sunday decision to deliver a solo-cut triggered a near 5% jump on the open, but that quickly disappeared.
05-06-2023 14:01 GMT
by Edward Moya
