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Bloomberg reports that oil dropped the most in two weeks as Saudi Arabia offered to make up for supplies lost due to the disruptions in Libya.
Bloomberg reports that oil dropped the most in two weeks as Saudi Arabia offered to make up for supplies lost due to the disruptions in Libya.
The market news is quoted as saying:
Futures slid 0.9 percent in New York after Khalid Al-Falih, the Saudi Arabian Oil Co.’s chief executive officer, said the kingdom is ready to compensate for any shortfall in crude supply.
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