OIL BRIEF: Crude Heads for Biggest Monthly Drop Since 2008

By Christopher Sell

(Bloomberg) —

Oil headed for its biggest monthly decline in 10 years as Russia reiterated it’s comfortable with current prices, just a week before it meets with OPEC to discuss possible production curbs; Crude hinges on Saudi Arabia’s dilemma of busting the budget or angering Trump; As prices plunge, China is grabbing every cargo it can get.

To contact the reporter on this story:
Christopher Sell in London at csell1@bloomberg.net

To contact the editors responsible for this story:
James Herron at jherron9@bloomberg.net
Amanda Jordan, Rachel Graham