- Oil fluctuated in jittery trading as Saudi Arabia cut its benchmark grade price to Asia.
- The kingdom's state producer warned about the risk of low stockpiles, adding upside pressure to crude.
- Fighting in Yemen intensified, and Martijn Rats of Morgan Stanley highlighted upside oil risks amid broader Middle East fighting.
Quotes
“Martijn Rats, Global Commodities Strategist at Morgan Stanley, discusses upside oil risks amid broader Middle East fighting.”