Surging oil prices could cause demand to crumble, forcing Saudi Arabia to take its 'foot off the brake' sooner than markets expect, energy exec says

Surging oil prices could cause demand to crumble, forcing Saudi Arabia to take its 'foot off the brake' sooner than markets expect, energy exec says

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None Crude oil prices reached an new high for the year, driven by Saudi Arabia's production cuts. • None But Riyadh may soon lift the restrictions, Rapidan's Bob McNally told Bloomberg TV. • None That's as excessively high prices may cause demand to collapse, he added. The end to Saudi Arabia's…

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