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https://www.wsj.com/articles/saudi-arabia-sought-to-push-oil-prices-higher-markets-had-other-ideas-30583af6

Saudi Arabia Sought to Push Oil Prices Higher. Markets Had Other Ideas.

Higher-than-expected production and worries about slowing demand are weighing on crude

By David Uberti
Saudi Arabia has led an effort to backstop oil prices with a series of production cuts. Photo: Amr Nabil/Associated Press

Saudi Arabia’s move to reduce crude output was designed to prop up global oil markets. The past week has shown how difficult that will be.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.