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Oil prices on a rollercoaster ride
Published 1 week, 4 days ago
Description
The price of Brent crude hit a four year high on Thursday before falling back. Markets were reacting to comments from President Trump about maintaining Strait of Hormuz blockade.
Gulf oil producers are running out of storage space for oil production, as exports remain restricted.
And Saudi Arabia is pulling its funding of the LIV golf tour, after investing around six billion dollars since 2021.