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Crude Oil Price War Not Happening, Saudi Arabia's Oil Minister Says

2014-11-14 01:36:37| IT Services - Topix.net

Crude oil prices continue to sink, but Saudi Arabia's oil minister rejected talk Wednesday that the country is leading a price war in global markets. "Talk of a price war is a sign of misunderstanding - deliberate or otherwise - and has no basis in reality," Ali Al-Naimi told a conference in Acapulco, according to the text of his speech obtained by Agence France-Presse.

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