Oil rebounds to 10-month low after Saudi Arabia denies OPEC supply boost report

Oil rebounds to 10-month low after Saudi Arabia denies OPEC supply boost report

Oil prices rebounded from a 10-month low on Monday after Saudi Arabia “categorically” denied a report that OPEC was considering a production boost that would help counter the loss of Russian supplies. Brent crude, the international benchmark, fell 6% to $82.79 a barrel, before narrowing its slide to 2%, to trade at $85.95. West Texas …

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