Saudi Arabia may have erred in not going with a price cut. It's a contest for market share. That is unlikely to go with Saudi Arabian hopes. It might just about help the world recover from an economic fall by lowering costs. Fall in unemployment numbers in USA shows that the economy is on track. That is why there is some hope of a USA led pull back. Now that Europe is a bit of a laggard, and Asia is pulled back by China and Japan, oil prices are looking further south.
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