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Saudi Oil Prices Show Physical Market is Improving -- Market Talk - Zawya Dow Jones News

Wednesday, Mar 04, 2015

1103 GMT [Dow Jones]--Saudi Arabia's move to significantly increase its crude official selling prices to Asia shows the physical market has improved during February and is a further confirmation that the kingdom is changing the aggressive tone used at the end of last year, says Olivier Jakob at Swiss-based Petromatrix. "If Saudi Arabia was really in an effort of flooding the market it would not have increased the OSPs in tandem with the improved market conditions," Mr. Jakob says. (summer.said@wsj.com)

(END) Dow Jones Newswires

04-03-15 1103GMT

 
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