MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
New York’s main contract, light sweet crude for delivery in June dropped 21 cents to $93.43 a barrel and Brent North Sea crude for June delivery shed 38 cents to $103.03 in morning trade.
“There has been a slight pullback in prices on profit taking,” Michael McCarthy, chief market strategist at CMC Markets in Sydney, said.
“We’ve seen some very strong gains in oil over the past few days, with US stockpiles data and news on Syria.”
Oil prices jumped Thursday after the United States said Syrian government forces had likely used chemical weapons, raising worries that Washington would punish Damascus militarily.
Earlier in the week, crude markets had also been supported by lower-than- expected gain in US crude stockpiles, suggesting oil demand in the world’s top crude consumer was on the path to recovery.
MbS made the remarks at an annual speech to the advisory Shura Council, which he gave on behalf of his father, King Salman
His visit to Cairo aimed to salvage stalled negotiations mediated by Egypt, Qatar and the United States to end the conflict
The group accused Israel, which has so far refused to comment, as US denies involvement
Hundreds of pagers belonging to the armed group exploded in Lebanon on Tuesday, killed 12 people, including two children, and wounded up to 2,800 others
They view it as a pivotal move toward fostering inclusivity and diversity in corporate structures
Israel has not yet commented on the explosions
The meeting saw engaging discussions on Sinomach’s strategic initiatives and ongoing projects in the region