The Saudi Crown Prince, Mohammed bin Salman, has revealed that Saudi Arabia is in discussions to sell a 1% stake of Saudi Aramco to a leading...
Saudi Aramco issued these massive payouts known to be a key source of revenue for the Saudi Kingdom.
Brent crude futures surged by 0.74% to $68.50 a barrel falling below the $70 mark after jumping past it on Monday.
Brent crude futures were up by more than 2%, trading at $70.84 a barrel in early Asian trade, the highest since Jan. 8, 2020
Brent oil futures rallied by 1.20% to trade at $65.11 a barrel, the highest since January 20, 2020.
Brent crude surged by 1.8%, at $63.52 a barrel, after rallying to a session high of $63.76, the highest price sighted since Jan. 22, 2020
Oil prices settled lower for the second straight week on fears that energy demand might face challenges.
Brent crude futures gained 0.63% to trade at $54.72 a barrel while the WTI futures rallied by 0.61% to trade at $51.14 a barrel.
Both crude oil benchmarks remained above the $40-mark.
Saudi's made the biggest price cuts on its crude grades since May as demand recovery for fuel hopes faded.