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Oil prices drop following Saudi Arabia raising crude output

MarketWatch · 2h

Oil ends at 2-week low after report Saudi Arabia to scrap price target, boost output

Oil futures on Thursday ended at their lowest in about two weeks, pressured after the Financial Times reported that Saudi Arabia was ready to abandon its $100-a-barrel price target as it prepares to increase production in a bid to take back market share.

Washington Examiner on MSN · 21h

Oil prices drop following Saudi Arabia raising crude output: Report

Oil prices fell Thursday morning, just hours after a new report revealed Saudi Arabia, the world’s largest crude exporter, is considering increasing production later this year. The move comes just weeks after the nation and eight other members of OPEC+ agreed to temporarily pause oil output hikes,

Seeking Alpha · 22h

Oil prices turn sharply lower on reports Saudi Arabia set to raise output

Crude oil prices fall as OPEC+ plans production hike, Saudi Arabia to raise output, while Libya and China developments impact market sentiment.

Oil steadies

MarketWatch · 1h

Oil steadies, but heads for losing week on prospect of increased supply

Oil futures ticked higher Friday, but remained on track for weekly losses on expectations OPEC+ will boost production before year-end as investors cast doubt on whether an aggressive round of monetary stimulus from China will shore up demand from the world’s largest crude importer.

Crude Oil Prices · 6h

Oil Prices Set for a Weekly Loss as Supply Concerns Fade

Oil prices are set for a weekly drop due to a combination of factors, including the Libyan oil production agreement, Saudi Arabia's potential shift away from a $100 per barrel target, and OPEC+ plans to increase production.

NBC New York · 9m

U.S. crude oil heads for weekly loss as Saudi supplies look set to return

Prices have fallen even as conflict in the Middle East escalates, with Israel and Hezbollah trading blows in Lebanon.

20hon MSN

Why oil prices have plunged 3% today

The kingdom is resigning itself to a period a lower prices, sources told the FT. Oil markets spiraled on the news, falling as ...

23h

Oil Prices Retreat Toward Three-Year Lows...Again

Oil prices turned sharply lower Thursday, on waning hope that supply cuts from the OPEC+ cartel and Chinese economic stimulus ...

17hon MSN

Stocks climb to records with Micron rally; oil prices fall

A widely followed global stock index and the S&P 500 hit record highs on Thursday after chipmaker Micron Technology's upbeat ...

6hon MSN

Crude prices fall, pulling back from highest levels in more than a year

Oil prices surged to their highest level in over a year after crude stocks at a key storage hub fell to their lowest since ...

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