Oil drops as Saudi says will not cut output alone, weak China import hurts

SINGAPORE: Oil prices dropped more than 1.5 percent on Monday as China’s imports weakened, while comments from top exporter Saudi Arabia that it would not unilaterally cut its output to defend prices also dragged on the crude market.

Read Full at http://www.brecorder.com/markets/energy/asia/233981-oil-drops-as-saudi-says-will-not-cut-output-alone-weak-china-import-hurts.html

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