Privately, Saudis Tell Oil Market: Get Used To Lower Prices

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(Reuters) – Saudi Arabia is quietly telling the oil market it would be comfortable with much lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch. Some OPEC members including Venezuela are clamoring for production cuts…

Privately, Saudis Tell Oil Market: Get Used To Lower Prices

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