Brent crude oil traded below US$88 a barrel on Monday, its lowest in almost four years, as traders realise that Saudi Arabia is in no hurry to curb the emerging oil glut. Photo: Reuters Brent crude oil traded below US$88 a barrel on Monday, its lowest in almost four years, as traders realise that Saudi Arabia is in no hurry to curb the emerging oil glut. Photo: Reuters
Brent crude oil traded below US$88 a barrel on Monday, its lowest in almost four years, as traders realise that Saudi Arabia is in no hurry to curb the emerging oil glut. Photo: Reuters

Saudis avoid 1980s mistakes to halt oil price fall as glut builds

Brent crude oil traded below US$88 a barrel on Monday, its lowest in almost four years, as traders realise that Saudi Arabia is in no hurry to curb the emerging oil glut. Photo: Reuters Brent crude oil traded below US$88 a barrel on Monday, its lowest in almost four years, as traders realise that Saudi Arabia is in no hurry to curb the emerging oil glut. Photo: Reuters
Brent crude oil traded below US$88 a barrel on Monday, its lowest in almost four years, as traders realise that Saudi Arabia is in no hurry to curb the emerging oil glut. Photo: Reuters
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