Oil Opens Week Steady as Traders Weigh G-7 Ban, Saudi Price Cuts

  • Date: 09-May-2022
  • Source: Yahoo News
  • Sector:Oil & Gas
  • Country:Gulf
  • Who else needs to know?

Oil Opens Week Steady as Traders Weigh G-7 Ban, Saudi Price Cuts

(Bloomberg) -- Oil was little changed at the week’s open as investors weighed a pledge by the Group of Seven to ban imports of Russian oil, a cut in official prices by Saudi Arabia and China’s ongoing lockdowns.

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