Saudi cabinet affirms support for OPEC+ precautionary efforts

<p>The Saudi cabinet says the Kingdom will continue boosting OPEC+ precautionary efforts to support stability in oil markets.</p><p>WTI fell as much as $2 today and touched $79.90 but has bounced slightly to $80.36. There are concerns about Chinese demand due to today's poor trade data and ongoing signs of economic weakness.</p>

This article was written by Adam Button at www.forexlive.com.