HomeBusiness & MoneySaudi Arabia's oil strategy lowers prices, giving Trump a boost: WSJ (XLE:NYSEARCA)

Saudi Arabia’s oil strategy lowers prices, giving Trump a boost: WSJ (XLE:NYSEARCA)


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Saudi Arabia has increased oil output, pushing crude prices lower this year in a move that analysts say serves multiple goals: reclaiming market share from Brazil, Guyana and U.S. shale, enforcing OPEC discipline and raising cash for costly domestic projects, The Wall Street Journal reported Friday.



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