Saudi Arabia has gone rogue.
Saudi Arabia’s oil minister, Ali al-Naimi, said in May that his country’s goal was to bring Brent oil prices down to $100 a barrel.
Well, after tumbling 24% from a March high of $128, Brent crude is currently trading at $97 a barrel. Meanwhile, West Texas Intermediate (WTI) crude has shed about 23% from its March high of $108 a barrel.
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