Bloomberg | Oil Rises as Saudi Supply Cut Counters Fears Over Trade War Bloomberg Oil suffered its steepest monthly decline in two years in July on concern that U.S.-China friction will slow global economic growth and reduce fuel demand. As President Donald Trump imposes sanctions on Iran's crude exports, Saudi Arabia -- the world's ... Oil rises as Saudi output dips, US drilling stalls US sanctions on Iran could push oil prices above $90 a barrel by year-end, analyst says Oil prices edge up after Saudi output dips, US drilling stalls |