Oil Rises 1% As Iraq Fighting Shuts Output In Kirkuk
by Reuters
|
Julia Simon | Monday, October 16, 2017 | 5:02 PM EST
Sources said China was offering to buy up to 5 percent of Saudi Aramco directly, a move that could give Saudi Arabia more flexibility as it plans to float the world's biggest oil producer on the stock market.
(Additional reporting by Libby George in London, Henning Gloystein in Singapore; Editing by Marguerita Choy and David Gregorio)
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