Oil futures are -0.7% as the market buys a Saudi denial of a reported pipeline explosion in its...

|By:, SA News Editor

Oil futures are -0.7% as the market buys a Saudi denial of a reported pipeline explosion in its Eastern province, which SEB strategist Filip Petersson described as a "very successful scam" by the Iranians. "They want higher oil prices to compensate for lost export barrels and are obviously using various means to achieve it."