MarketWatch | Why it's time to be cautious on oil MarketWatch Oil moved higher again Tuesday on hopes that a deal has been struck between Russia and Saudi Arabia, news that came in on the same day as a downgrade of the credit rating of Saudi Arabia by Fitch. I have been expecting higher oil prices, we had been ... Weak oil prices spur cut to Saudi Arabia's credit rating Saudi Arabia is on a drilling binge—and looks likely to again dominate global oil IMF cuts global forecasts; oil jumps on deal report – as it happened |