Oil slides lower on Saudi Arabia price cuts, despite Indian demand pickup

Oil declined to around $71 on Monday morning after prices tried and failed to pump back above $74 last week. Headlines this morning from Saudi Arabia are pushing down prices, with state-owned Oil company Aramco offering discounts on several
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USD/ZAR: At risk of deeper down move on a dip below 18.10 – SocGen

Economists at Société Générale analyze USD/ZAR technical outlook.
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