"Market Speculation Undermines Saudi Hopes for Oil Price Rebound"

The market is betting on cheaper oil, undermining Saudi Arabia's hopes for a price rebound. Despite Saudi Arabia's efforts to cut production and stabilize prices, investors are skeptical about a significant recovery in oil prices due to concerns over weak demand and a potential increase in supply from other oil-producing countries. This has led to a bearish sentiment in the market, with investors placing bets on lower oil prices, further dampening Saudi Arabia's expectations for a price rebound.