Saudi Arabia's King Abdullah said on Tuesday the world's top oil exporter would deal with a firm will with the challenge posed by lower oil prices in a speech read on his behalf by Crown Prince Salman and broadcast on state television. ICE Brent crude futures were down to $51.78 a barrel on Tuesday after closing at $53.11 on Monday, down 54 percent since a 2014 peak on June 19 of $115.06 a barrel. http://yhoo.it/1wlbMTe http://bit.ly/1fJ5yqZ
1/06/2015
King Says Saudi Arabia to Deal With Weak Oil Challenge With 'firm Will'
Saudi Arabia's King Abdullah said on Tuesday the world's top oil exporter would deal with a firm will with the challenge posed by lower oil prices in a speech read on his behalf by Crown Prince Salman and broadcast on state television. ICE Brent crude futures were down to $51.78 a barrel on Tuesday after closing at $53.11 on Monday, down 54 percent since a 2014 peak on June 19 of $115.06 a barrel. http://yhoo.it/1wlbMTe http://bit.ly/1fJ5yqZ
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