Oil ticks lower as Saudi defense minister meets with Iran’s president in Tehran to de-escalate
Summary
Crude oil prices dropped more than two percent during trading sessions. Market participants evaluated potential threats against energy facilities in Saudi Arabia alongside fears that high costs might weaken consumer demand.
Investors are worried about the vulnerability of Saudi energy infrastructure and the risk of another disruption to production, refining or export facilities.
Source: Read the full story at US Top News and Analysis
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