Oil Recovery Hits Saudi Devaluation Bet

  • Investors would have lost 1.8% since forwards' January peak
  • GCC pegs have survived 30 yrs of oil-price fluctuations: HSBC

Oil Enthusiasts Haven't Been Jumping On Board the Rally

Oil’s rebound to about $40 a barrel means some investors are nursing losses after betting that Saudi Arabia would abandon its three-decade-old currency peg.

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