http://www.powercommodity.com/
Oil prices rebounded on Wednesday after plunging as much as 5% in the previous session as Saudi Arabia said it would keep markets supplied despite the upcoming U.S. sanctions against Iran.
Saudi Oil Minister Khalid al-Falih said on Tuesday that the kingdom has no intention of unleashing a 1973-style oil embargo on Western consumers, despite its worsening crisis from allegations that it murdered journalist Jamal Khashoggi. Instead of restricting supplies, Saudi Arabia would step up to “meet any demand that materializes to ensure customers are satisfied.”