Saudis losing their war against deflation as the services economy stumbles badly.
Photo by American Public Power Association on Unsplash
Saudis try for oil price hike but oil runs instead into unmovable recession. The real economy continues to weaken which means demand is dominating market factors, not supply. Confirming the oil market's view of the situation, key US services data tumbles.
Video Length: 00:17:43
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