Oil declines as traders weigh G-7 ban on Russian crude, Saudi price cuts

May 09, 2022 8:13 AM

SYDNEY (BLOOMBERG) – Oil declined on Monday (May 9) as the week’s trading kicked off as investors weighed a pledge by the Group of Seven to ban imports of Russian crude against a cut in official prices by Saudi Arabia and China’s Covid-19 lockdowns.

Source : https://www.straitstimes.com/business/companies-markets/oil-declines-as-traders-weigh-g-7-ban-on-russian-crude-saudi-price-cuts