The director of the US National Institute of Allergy and Infectious Diseases Anthony Fauci is seen next to US President Donald Trump in a file photo taken on April 01, 2020
US benchmark West Texas Intermediate for June delivery was down 1.36 percent at $25.43 a barrel in morning Asian trade.Both contracts, which were hammered last month as demand evaporated due to virus lockdowns, had risen Tuesday after Saudi Arabia announced further output cuts. In his first appearance on Capitol Hill in two months, Fauci delivered a cautionary message at odds with Trump's push to reopen the economy soon.
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Saudi crown prince's economic master plan could be derailed by oil price crashSaudi Arabia is taking drastic steps to shore up its finances after the oil price crash and the coronavirus pandemic upended the economy and threatened Crown Prince Mohammed bin Salman's grand plan to reduce its dependence on crude exports. U guys R jokes !!! focus on ur country rather than focusing on a country that is 6,000 mils away ... BTW, SA did curfew, stopped economy & took 'drastic steps' to save lives & sad to have 255 dead from COVID-19, but remind me again what about US? stay within ur borders clowns It took the Coronavirus for Saudi Arabia to reduce the price or it's oil? Tisk,tisk They shouldn’t have gotten into the price war with a Russia.
Source: CNN - 🏆 4. / 95 Read more »