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Too early to tell if the Saudis have won this oil price war Add to ...

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Oil prices reached almost $50 (U.S.) a barrel on Tuesday, a gain of more than 10 per cent in the past week, as oil traders bought into the theory that the OPEC free-for-all is about to end. But if OPEC heavyweight Saudi Arabia succeeds in pushing up prices, and they stick at $50-plus levels, will it be a winner or a loser?

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