Global oil producers caught in price war

Saudi Arabia and its allies “appear united in their refusal to cut output to boost global oil prices, [but] they are becoming locked in an increasingly fierce battle to secure market share in Asia,” reports Reuters.

Since prices have dipped below $50 per barrel, the outlet adds, producers are fighting to “secure customers in Asia.” Read more.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.