Oil prices, rate cuts fail to excite market




REVIEW: An unexpected disruption to the world’s global supply of crude oil sent investors on a flurry of speculation in the week’s opening gambit, taking the attention away from policy decisions by major central banks that had been slated to be the focus.

The attack on Saudi Arabia’s crude facilities over the weekend disrupted up to 5% of the world’s global supply of oil, lending a sharp blow to economic growth prospects.

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