Riyadh reasserts oil market influence

April 8, 2015 1:37 PM

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Riyadh reasserts oil market influence

Brent falters, but still up about 3 percent since the start of the week.

Saudi Oil Minister Ali al-Naimi said at an economic conference in Riyadh late Tuesday he was optimistic oil markets would recover, adding production from the de facto leader of the Organization of Petroleum Countries was steady.

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