Saudi Arabia claims it has the ability to maintain long-term low oil prices, with international oil prices dropping by 3.79%.

Five sources familiar with the negotiations told Reuters that Saudi Arabian officials have recently informed allies and Industry experts that Saudi Arabia has the capability to maintain long-term low oil prices. $Crude Oil Futures(JUN5) (CLmain.US)$ The intraday decline reached 3.79%, priced at 58.13 dollars per barrel. OPEC will hold a meeting next week.

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