Saudis Raise Crude Oil Price for Global Customers in Tight Market

Saudi Aramco is raising crude oil prices globally by reducing discounts, signaling the end of a price war and confidence in market recovery. This move aims to stabilize the market but carries risks due to fragile demand. The strategy sends political and market signals, indicating a return to normal pricing structures and confidence in demand.

Why is the current demand for oil described as fragile?

What is the significance of the price war being over according to the text?