RE: NOT GOOD11 Nov 2018 16:46
Markets get it wrong occasionally as they did a few weeks ago on one side and they're doing it again on the other today, but ultimately the pendulum will swing to a reasonable middle," Saudi Arabia's Energy Minister Khalid al-Falih told CNBC on Sunday.
The comments come after a significant drop in oil prices in recent weeks, as crude futures benchmarks have tumbled approximately 20 percent or more since climbing to a peak in early October.
U.S. sanctions on Iran's oil sector snapped back into place on November 5.