News / Stock

Oil. Saudi Arabia cuts exports, but for SelfieWealth, the stock trend remains bearish

Jan 10, 2019 - 16:10 UTC

Saudi Arabia will be reduced the oil export. The judgment comes from Khiliad Falih, Saudi Minister of Energy, who denies the Wall Street Journal according to which Arabia wants to use this strategy to raise the price of oil. As already mentioned in a previous article, this decision was taken last December by the OPEC and other producer countries, with a general skepticism from Alphie TM predicted a reduction of the target price from 14.066 EUR to 13.6 EUR. In fact, on December 27th the target price fell to 13.52 EUR and then it increased because of the world events…

Register to continue reading for free

Tags