OilPrice.com | Oil Trades Above $60 Amid Signs of Saudi Confidence in Rebound Bloomberg Oil traded above $60 a barrel in London amid the highest volatility in more than three years on speculation that Saudi Arabia, the largest crude exporter, is signaling confidence that prices will rally. Brent futures swung between gains and losses ... Saudi Arabia Ready For $20, $30, $40 Oil You call that a budget deficit? Saudis to keep spending heavily in 2015 budget, shrug off oil plunge |