Why the Khashoggi crisis could finally start to affect oil prices [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters The oil market has largely shrugged off the killing last month of Washington Post columnist Jamal Kashoggi by Saudi agents. However, a new CIA assessment that reportedly links the slaying to the kingdom's crown prince could soon change that, according to a commodities strategist and former CIA analyst. The assessment concludes that Saudi Crown Prince Mohammed bin Salman ordered Khashoggi's killing , according to the Washington Post and NBC News. The CIA is expected to present its report to President Donald Trump by Tuesday, just two weeks before major oil producers including OPEC and Russia meet in Vienna, Austria. The group has been coordinating oil policy since last year, and the members are now considering a fresh round of production cuts after a sharp pullback in the oil market. New supply caps would boost oil prices and prevent financial pain in countries dependent on fossil fuel revenue, including Saudi Arabia. The kingdo
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